Breaking! BlackRock's Ethereum ETF holdings exceed 450,000, with a market value of over 1.1 billion dollars!
On November 3rd, news broke that BlackRock has made another big move! Official data shows that as of this Friday (November 1st), BlackRock's Ethereum ETF (ETHA) holdings have surpassed 450,000, precisely 466,274.98 ETH, with a total market value of approximately 1.17 billion dollars! Such a massive holding volume indicates the confidence Wall Street giants have in Ethereum!
This is another milestone in the integration of traditional financial giants and the cryptocurrency market. With such large holdings entering the market, the demand curve for ETH is further elevated, which is undoubtedly an important signal for cryptocurrency investors. BlackRock's deep layout in the crypto field may attract more traditional institutions to follow suit. This wave of institutional entry could potentially bring more incremental funds in the future.
The Ethereum ETF holdings have reached a new high. Is this Wall Street's foresight or the buildup for the next wave of market行情? Let's wait and see. Old Chen will continue to interpret the behind-the-scenes movements for you. Remember to stay tuned to Old Chen for the most cutting-edge investment information!
