- BlackRock, Inc., the world's largest asset manager, has acquired $240 million in Bitcoin and $54 million in Ethereum, as confirmed on April 24, 2025. - BlackRock's purchase signals increased institutional interest in digital assets, leading to immediate market effects with Ethereum's price rising by 5.2%. BlackRock's expansion into digital currencies began with regulatory filings for ETFs and ETPs in 2023. CEO Larry Fink shifted from skepticism, describing Bitcoin as "digital gold" and Ethereum as a "platform for tokenized finance." Following BlackRock's announcement, Ethereum's price surged 5.2%, reaching $3,850. The trading volume soared by 120% in one hour. Institutional appetite remains strong, evidenced by inflows to BlackRock's ETFs. - BlackRock's growing crypto portfolio reflects broader acceptance of digital assets, highlighting Ethereum's role in DeFi and suggesting sustainable growth in its ecosystem. Regulatory clarity furthers institutional participation.
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BlackRock Buys $294M of Bitcoin, Ethereum
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BlackRock, Inc., the world's largest asset manager, has acquired $240 million in Bitcoin and $54 million in Ethereum, as confirmed on April 24, 2025.
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BlackRock's purchase signals increased institutional interest in digital assets, leading to immediate market effects with Ethereum's price rising by 5.2%.
BlackRock's expansion into digital currencies began with regulatory filings for ETFs and ETPs in 2023. CEO Larry Fink shifted from skepticism, describing Bitcoin as "digital gold" and Ethereum as a "platform for tokenized finance."
Following BlackRock's announcement, Ethereum's price surged 5.2%, reaching $3,850. The trading volume soared by 120% in one hour. Institutional appetite remains strong, evidenced by inflows to BlackRock's ETFs.
-
BlackRock's growing crypto portfolio reflects broader acceptance of digital assets, highlighting Ethereum's role in DeFi and suggesting sustainable growth in its ecosystem. Regulatory clarity furthers institutional participation.
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