🏦 BlackRock Acquires 36,638 Ethereum (Approximately $101.5 Million): What This Means for the Cryptocurrency Markets
New York, June 13, 2025 - The global asset management giant BlackRock has quietly acquired 36,637.97 Ethereum, with a market value estimated at approximately $101.5 million, indicating growing institutional interest in Ethereum following its recent price drop.
🚀 Increasing Institutional Confidence
This recent purchase aligns with BlackRock's broader strategy to accumulate assets in digital tokens. Recent reports indicate that its exchange-traded fund ETHA (iShares Ethereum Trust) has seen steady inflows, with total ETH purchases reaching $163.6 million on June 11, equivalent to 58,100 ETH. With the addition of 36,638 ETH this week, BlackRock continues to strengthen its institutional presence in the Ethereum ecosystem.
