#Update 🚨
BlackRock buys 12,683.22 ETH worth $32.5 million.
- BlackRock’s purchase of 12,683.22 ETH for $32.5 million signals growing institutional interest in Ethereum, following their earlier $1 million Bitcoin ETF buy on May 21, 2025, as reported by Cointelegraph, reflecting a broader trend of traditional finance embracing crypto.
- Ethereum, the second-largest cryptocurrency by market cap after Bitcoin, supports smart contracts and decentralized finance (DeFi), with its price volatility tied to market trends—ETH’s value here implies a price of about $2,562 per token, aligning with recent market surges noted in Exploding Topics’ 2025 crypto trends report.
