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Finbold 2025-06-12 12:40:11

BlackRock has bought this crypto every day for 2 weeks straight — And it’s not Bitcoin

BlackRock has bought this crypto every day for 2 weeks straight — And it’s not Bitcoin

Ethereum ( ETH ) is firmly on the radar of the world’s largest asset manager, and they’re buying. A lot. Every day. Indeed, BlackRock has been buying Ethereum every single day for more than two weeks straight, and they don’t seem to be slowing down. According to fresh data from Arkham Intelligence (June 11), BlackRock has scooped up a total of $570 million worth of ETH over the past two weeks. The buying spree is notable not just for its size, but for its consistency: BlackRock has purchased Ethereum daily for over two weeks, a pattern rarely seen from a player of this size. BlackRock ETH buys. Source: Arkham At the time of writing, Ethereum is trading at $2,733, and BlackRock now holds around 1.487 million ETH, currently valued at $4.06 billion. While this is still smaller than its massive Bitcoin position — BlackRock holds 662,871 BTC, worth roughly $70.98 billion, the pace of its ETH accumulation is turning heads. BlackRock ETH and BTC holdings. Source: Arkham BlackRock is buying up ETH So why is BlackRock doubling down on Ethereum right now? The timing is key. Ethereum has been gaining institutional traction amid the push for an ETH ETF approval and growing interest in staking and tokenization use cases. Meanwhile, ETH’s role in powering the next wave of decentralized finance is strengthening. For some, this signals a broader shift in how large institutions view the crypto landscape. Bitcoin remains the flagship, but Ethereum’s versatility, powering smart contracts, DeFi, and tokenized assets is making it an increasingly attractive long-term bet. As the market watches for the next big catalyst, all eyes will be on whether BlackRock continues this aggressive ETH accumulation streak in the weeks ahead. Featured image via Shutterstock The post BlackRock has bought this crypto every day for 2 weeks straight — And it’s not Bitcoin appeared first on Finbold .

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Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine