30-7-2025 – BlackRock, the global investment giant, purchased 58,560 Ethereum (ETH) worth $223.7 million on Tuesday, signaling strong institutional interest in the cryptocurrency. The acquisition underscores a growing trend of traditional finance embracing digital assets.
Ethereum, the second-largest cryptocurrency by market cap, has seen increased adoption due to its role in decentralized finance and smart contracts. The move comes amid a broader surge in institutional investment, with Ethereum’s price gaining momentum in recent months.
Analysts suggest this could reflect confidence in Ethereum’s long-term value, particularly as BlackRock expands its crypto offerings through products like the iShares Ethereum Trust ETF. The purchase may also influence market sentiment, potentially driving further price increases as other investors follow suit.
