BlackRock Acquires Major ETH Holding, Signaling Institutional Confidence in Ethereum ETF

Ethereum (ETH) has reached a new all-time high, exceeding $4,500, driven by increased investment from major institutional players like BlackRock. According to on-chain analytics platform Lookonchain, BlackRock amassed over 214,000 ETH during the past week, representing a value of approximately $560 million. This comes as ETH trades within a tight price range and amidst growing interest in Ethereum spot ETFs.