On August 9, BlackRock made a major move in crypto:
- Bought 65,167 ETH (worth $272M)
- Added 3,089 BTC (worth $360M)
This brings their total Ether holdings to around $9.4 billion, with most of it bought in just the last two months.
š Ether Gaining Momentum
- Ether ETFs pulled in $327M last week
- Bitcoin ETFs got $253M
- The ETH/BTC price ratio is up 23% since August started
More investors are choosing Ether over Bitcoin.
Strategic Ether Reserve Hits 3 Million ETH
A group of 64 big institutions now holds:
- 3 million ETH worth $12.83B
- Thatās 2.5% of all ETH in circulation
It shows companies are locking in long-term positions in Ethereum.
ā Ethereum Co-Founder Speaks Out
Joseph Lubin told CNBC he thinks Ether could pass Bitcoin in market value āwithin the next year,ā thanks to more companies adding ETH to their treasuries.
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- #WallStreetMeetsWeb3
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