BlackRock just spent $547 million on Ethereum in a single day.
I've been seeing for a while now a memecoin showing
$ETH or Vitalik inflated in one week. I didn’t understand the meaning, I just thought it was some FOMO and speculation on the price. But apparently, it’s not just that — the most striking thing fundamentally remains BlackRock's recent investments.
The world’s largest asset manager is betting big on
$ETH , spending more than what it did on Bitcoin — only $50 million.
📊 ETH now represents $7.75 billion in BlackRock’s portfolio
• 5x more impact than
$BTC due to a smaller market cap
• Signals strong belief in Ethereum’s future:
Smart contracts + tokenized finance
Real-world asset infrastructure
Growing staking yield: already visible as Lido Finance and
#Bitget ’s HodlerYield program (holding weETH for automatic yield)
have seen their TVL rise quickly with unusual behavior.
This is the biggest institutional bet on ETH to date.
Are more giants coming?