🏦 BlackRock Acquires More than 25 Thousand Ethereum
In a strategic move, #BlackRock revealed the purchase of 25,999 units of Ethereum, equivalent to over $75 million, consolidating its position as one of the largest institutional holders of the cryptocurrency. The acquisition was made through the ETHA ETF, which has already surpassed 2 million ETH under management, representing 1.65% of the total Ethereum supply.
This massive purchase occurred amidst the valuation of #BTC120kVs125kToday ETH, which exceeded $3,000, boosting trading volume and attracting even more institutional investors.
💼 JPMorgan Records Inflows in Solana, Ethereum, and Bitcoin
Another highlight was the report from JPMorgan Chase, which pointed out inflows exceeding $98 million in three of the top cryptocurrencies: Solana (SOL), Ethereum (ETH), and Bitcoin (#StrategyBTCPurchase BTC). The bank's projection is that ETFs based on Solana and XRP may attract between $3 billion and $8 billion in new investments if approved.
According to analysts from the institution, the growth of crypto asset ETFs represents a structural shift in the market, with potential to drive prices up and reduce volatility.
📈 What Does This Mean for the Market?
- Institutional confirmation: The entry of BlackRock and JPMorgan #USCryptoWeek reinforces the legitimacy of cryptocurrencies as financial assets.
- Asset appreciation: Ethereum, Solana, and Bitcoin recorded significant highs after the investments.
- Expansion of ETFs: The demand for regulated products is growing, especially for ETFs of #staking and rewards.
