BlackRock, Fidelity, and Grayscale have collectively purchased 155,000 Ethereum, valued at $704 million, in a single day. BlackRock spearheaded the acquisition with a $500 million investment in Ethereum. This significant purchase on August 14, 2025, underscores the increasing interest and confidence in Ethereum among major financial institutions, marking a strategic move to bolster their presence in the cryptocurrency market.
BlackRock, Fidelity, and Grayscale Acquire $704M in Ethereum
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.