BlackRock Buys $8.65M Worth of Ethereum on Coinbase
BlackRock buys $8.65M in Ethereum
Transaction made via Coinbase
Institutional interest in ETH continues to rise
BlackRock Makes Major Ethereum Purchase
In a significant development for the crypto industry, BlackRock—the world’s largest asset manager—has reportedly purchased $8.65 million worth of Ethereum (ETH) on Coinbase. This move adds weight to the growing institutional interest in Ethereum, following a wave of similar Bitcoin acquisitions by major financial entities.
While $8.65 million may seem modest for a firm managing over $10 trillion in assets, it’s the symbolism that matters. It signals growing confidence in Ethereum’s long-term role within the digital asset space—particularly amid rising expectations around Ethereum-based ETFs and Web3 infrastructure.
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