BlackRock, the world's largest asset manager, has made a significant investment in Ethereum ($ETH ), purchasing 100,535 $ETH valued at approximately $276 million on February 4, 2025. This acquisition increased BlackRock's total Ethereum holdings to 1,352,934 ETH, worth around $3.71 billion .

The purchase was executed at an average price of $2,745 per $ETH , coinciding with a period of heightened institutional interest in cryptocurrencies. Following the announcement, Ethereum's price experienced a notable increase, rising by 4.2% within an hour to $2,860 .

This move underscores BlackRock's growing confidence in Ethereum's potential as a key asset class. The firm's Ethereum-focused ETF, ETHA, has also seen substantial inflows, reflecting strong institutional demand .

Currently, Ethereum (ETH) is trading at approximately $2,731.41, with a 24-hour change of +$90.71 (+3.43%).

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