11 hours ago
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BlackRock Buy ETH Coin...AGAIN
On June 6, 2025, BlackRock, the world’s largest asset manager, purchased $34.7 million worth of Ethereum (ETH). This follows a $48.4M acquisition of 19,070.96 ETH days earlier. The moves highlight BlackRock’s push to diversify its crypto portfolio, with transactions ranging from 9,000 to 58,000 ETH, signaling a broader strategy in the crypto space.
Ethereum’s Market Strength and Appeal
Ethereum’s market performance supports BlackRock’s interest. On June 5, 2025, ETH traded at $2,609.26 with a $9.84B 24-hour trading volume. Despite a dip to $2,464.34 on June 6, its $16.32B trading volume reflects strong demand. Ethereum’s role as a leading platform for smart contracts and DeFi applications, powered by the Ethereum Virtual Machine (EVM), makes it a prime target for institutional investors like BlackRock.
ETH/USD 2-hours chart - TradingView
A High-Profile Announcement
The announcement, set against an Institute of International Finance (IIF) backdrop, suggests it was made at a major financial event, per IIF (2025-05-29). This setting underscores Ethereum’s growing legitimacy among traditional investors, as institutional confidence in the cryptocurrency continues to rise.
$ETH $Ethereum
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