BlackRock bought Ethereum for $3.52 billion, an event that didn't get enough attention!
Will the same scenario that happened with Bitcoin be repeated?
By looking into their trades, it turns out that they bought 404,350 ETH in just one month, which is equivalent to $1.4 billion.
Compare prices:
1 month ago: Ethereum price was around $3073.
Now: Despite the drop, the price is at around $3,580.
What does that mean?
Their entry into Ethereum has had a huge impact on the market, as they have managed to drive the price up in just one month.
If BlackRock continues to expand its buying of Ethereum, as it has done with Bitcoin (it currently owns $54 billion of Bitcoin), Ethereum is likely to see a similar surge.
BlackRock's Entry Could Change All Negative Scenarios for Ethereum!
