These purchases contribute to BlackRock's total Ethereum holdings, which now amount to 993,591.95 ETH, valued at approximately $3.5 billion. This positions BlackRock as the 12th largest Ethereum holder globally.
In the broader context, BlackRock and Fidelity's Ethereum ETFs collectively acquired $500 million worth of ETH over a two-day period in December 2024, primarily through Coinbase Prime. These strategic moves underscore the growing institutional interest in Ethereum and its potential as a long-term asset.
