#BlackRockETHPurchase BREAKING: BlackRock Reveals $10 Million Ethereum Purchase for Spot ETF
In a bold move signaling deepening institutional crypto adoption, BlackRock has disclosed an initial $10 million ETH purchase to seed its proposed iShares Ethereum Trust. According to a recent SEC filing, the world’s largest asset manager acquired the Ethereum directly—not via derivatives—underscoring direct exposure plans for its spot ETF. This follows BlackRock’s record-breaking Bitcoin ETF success, which amassed $20 billion in AUM within months.
The purchase fuels optimism for imminent ETH ETF approvals, potentially unlocking massive institutional capital flows into Ethereum’s ecosystem. ETH prices surged 4% on the news as traders anticipate further filings. With BlackRock’s credibility accelerating mainstream validation, this strategic accumulation reinforces Ethereum’s utility beyond speculative trading. Regulatory decisions remain pivotal, but Wall Street’s embrace of crypto infrastructure is undeniable.
