$ETHFI
Since they are related, they will inevitably have similar traits. I am about to return to the old peak after many months exploring the depths of the ocean.
According to Odaily, Arkham has revealed on platform X that BlackRock purchased Ethereum (ETH) worth 500 million dollars this week. This significant purchase marks a 50% increase in the amount of ETH held by BlackRock over the past 30 days. This move highlights BlackRock's growing interest in the cryptocurrency market, particularly Ethereum, one of the leading digital assets globally.
This considerable investment by BlackRock, a major player in the financial industry, underscores the increasing interest from institutions in cryptocurrency. Ethereum, known for its smart contract capabilities and decentralized applications, continues to attract attention from large-scale investors. BlackRock's recent acquisition is likely to influence market dynamics and investor sentiment towards Ethereum and the cryptocurrency market in general.