๐จ BlackRock Buys $50M in Ethereum
According to Foresight News via Arkham Intelligence, BlackRock has just purchased $50 million worth of ETH โ marking one of its largest on-chain Ethereum allocations to date. ๐
๐ง This move signals growing institutional conviction in Ethereum as both:
A core digital asset beyond Bitcoin
A foundational layer for smart contracts, DeFi, and tokenized finance
๐ก Why it matters:
BlackRock is the worldโs largest asset manager โ when it moves, markets take notice.
ETHโs appeal is clearly expanding from retail & devs to deep-pocketed institutions.
๐ฅ With Ethereum ETFs on the horizon and increased institutional flows, is ETH setting up for its next leg higher?
๐ฌ Whatโs your take on this bold move by BlackRock? Is it just the beginning?
