Asset management giant BlackRock has acquired $276.16 million worth of Ethereum (ETH) on February 4th, following its recent expansion of Ethereum holdings. This comes after BlackRock and Fidelity purchased over $500 million of ETH in December 2021. BlackRock's involvement with Ethereum began after filing for a spot Ethereum ETF in November 2021, and CEO Larry Fink has expressed confidence in the blockchain asset. Despite the significant purchase, ETH's price has shown only a 1% change, trading at around $2800 on February 5th.



Other News from Today