May 3: BlackRock grows ETH position to $74M as ETH price trades flat near $1800
ETH failed to rally despite BlackRock’s $20M buy, holding support at $1,813
Ethereum price stalls as institutional demand rises — market awaits clearer signals
BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, has made headlines again — this time with a big move into Ethereum (ETH). The firm just purchased 10,955 ETH worth approximately $20.1 million.
This purchase follows a previous ETH investment from BlackRock totaling $54 million, showing a clear and growing interest in Ethereum-based ETFs. At the same time, BlackRock also poured $674.91 million into Bitcoin ETFs, showing continued confidence in major digital assets.
BREAKING 
BLACKROCK JUST BOUGHT $20M WORTH OF $ETH pic.twitter.com/bLqf6GInsc
— That Martini Guy ₿ (@MartiniGuyYT) May 3, 2025
ETH Price Muted Despite Major BlackRock Investment
Despite BlackRock’s aggressive buying spree, Ethereum’s price has remained relatively stagnant. ETH is currently hovering around the $1,860 mark, showing little to no immediate reaction to the news. This lack of movement…
The post ETH Price Holds Flatline Even As BlackRock’s ETH Stack Hits $74 Million appeared first on Coin Edition.
