BlackRock has made a significant acquisition of Ethereum, purchasing 73,860 ETH valued at $323.1 million on August 26. This move marks a substantial investment in the cryptocurrency by the asset management giant, reflecting growing institutional interest in Ethereum. The purchase was made for BlackRock's spot Ethereum ETFs, highlighting the firm's commitment to expanding its presence in the digital asset space.
BlackRock Acquires $323.1M in Ethereum for Spot ETFs
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.