BlackRock Expands Crypto Portfolio with $300M Ethereum Purchase

TLDR BlackRock purchased $314.9 million worth of Ethereum through multiple transactions over the past five days. Ethereum spot ETFs saw net inflows of $443.91 million, reflecting renewed institutional interest in digital assets. BlackRock’s move to buy Ethereum highlights growing confidence in Ethereum as a long-term investment. Ethereum’s price surged to over $4,500 following institutional purchases, [...]

The post BlackRock Expands Crypto Portfolio with $300M Ethereum Purchase appeared first on Blockonomi.