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In a notable development within the cryptocurrency market, BlackRock, the world's largest asset manager, has continued to expand its Ethereum (ETH) holdings, underscoring the increasing institutional interest in digital assets.
While specific details about a recent $13.1 million Ethereum purchase by BlackRock are not publicly disclosed, the firm's ongoing investments in ETH are well-documented. For instance, on February 4, 2025, BlackRock acquired 100,535 ETH, valued at approximately $276 million, bringing its total Ethereum holdings to over 1.35 million ETH, worth around $3.71 billion at that time .
These substantial acquisitions are primarily facilitated through BlackRock's Ethereum-focused exchange-traded fund (ETF), known as ETHA. Following the U.S. Securities and Exchange Commission's approval, ETHA began trading, marking a significant institutional entry into cryptocurrencies .
BlackRock's strategic investments in Ethereum reflect a broader trend of institutional adoption of digital assets. The firm's confidence in Ethereum's long-term potential is evident in its consistent accumulation of ETH, positioning it as one of the largest institutional holders of the cryptocurrency.
As of the latest data, Ethereum is trading at approximately $2,478.69 USD, with a 24-hour trading volume of over $23 billion, indicating robust market activity. The cryptocurrency's market capitalization stands at around $400.5 billion, solidifying its position as the second-largest cryptocurrency globally .
BlackRock's continued investment in Ethereum not only highlights the asset's growing appeal among institutional investors but also signals a maturing cryptocurrency market poised for further integration into traditional financial systems.