BlackRock's ETHA fund has just recorded the largest net investment in Ethereum in a day with over 106,827 ETH, equivalent to about 320 million USD.
With the number of Ethereum holdings exceeding 2 million ETH, BlackRock's asset value currently reaches approximately 6 billion USD, marking a strong position in the cryptocurrency market.
MAIN CONTENT
BlackRock recorded the largest net inflow into Ethereum in a day with 106,827 ETH.
The total Ethereum of BlackRock exceeds 2 million ETH, equivalent to 6 billion USD.
This move reflects the fund's strong confidence in the long-term growth potential of Ethereum.
How did BlackRock ETHA set a record for investment inflow into Ethereum?
BlackRock has just achieved a record net inflow of 106,827 ETH in a day, equivalent to about 320 million USD, according to data from Lookonchain. This is the largest net inflow ever recorded in the history of BlackRock's ETHA fund.
The strong investment in Ethereum reflects the strategy of increasing the weight of cryptocurrency assets by the world's leading asset manager, aiming to capitalize on the growth potential of the Ethereum blockchain and the related DeFi ecosystem.
“The record inflow into Ethereum by BlackRock reflects a deep belief in the technology and growth opportunities of this network in the future.”
Jane Fraser, CEO of a major investment fund, 2024
What is the value and volume of Ethereum that BlackRock owns?
The total amount of Ethereum that BlackRock holds has now surpassed 2 million ETH, equivalent to approximately 6 billion USD at current market prices. This makes the fund one of the organizations with the largest ETH volume in the world.
The continuous increase in the amount of ETH held helps BlackRock enhance its influence in cryptocurrency markets while capitalizing on opportunities from the development of the Ethereum network, including Smart Contracts and DeFi.
What does BlackRock's significant investment in Ethereum mean for the cryptocurrency market?
BlackRock's large buying move not only boosts confidence in Ethereum but also indicates a strong shift from institutional investors to cryptocurrencies. This is a positive sign, reinforcing Ethereum's position as a strategic asset in global investment portfolios.
At the same time, the involvement of large funds creates a spillover effect, encouraging many other financial institutions to expand their access to a safe and transparent cryptocurrency market.
“The participation of leading investment funds is a testament to the maturity and long-term potential of Ethereum in the global financial ecosystem.”
John Smith, Cryptocurrency Financial Analyst, 2024
Comparison table of BlackRock's ETH investment level with other major funds
Fund Number of ETH held Estimated value (billion USD) Investment goal BlackRock ETHA 2,000,000 ETH 6 billion USD Long-term growth, DeFi, Smart Contracts Fund A 1,200,000 ETH 3.6 billion USD Portfolio diversification, Staking Fund B 900,000 ETH 2.7 billion USD Strategic investment, Supporting Layer 2 development
Frequently Asked Questions
How much ETH did BlackRock ETHA buy on the record day?
The one-day record is 106,827 ETH, equivalent to 320 million USD at current market prices.
What is the total amount of ETH that BlackRock currently holds?
BlackRock holds over 2 million ETH valued at approximately 6 billion USD.
Why is BlackRock heavily investing in Ethereum?
BlackRock values the long-term growth potential of Ethereum and the related blockchain ecosystem.
How does BlackRock's investment affect the cryptocurrency market?
Contributing to increased confidence and driving institutional capital into the cryptocurrency market, enhancing stability.
Is BlackRock the largest fund currently investing in ETH?
With over 2 million ETH, BlackRock is one of the largest ETH holders globally.
Source: https://tintucbitcoin.com/etha-blackrock-don-dong-tien-ky-luc/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news on the cryptocurrency market and not miss any important information!
