$3.8 Billion in Ethereum Stacked by BlackRock in Mere Weeks: Details
Main Idea
BlackRock has rapidly accumulated $3.8 billion worth of Ethereum in just a few weeks, now holding 2.5% of ETH's total circulating supply, signaling strong institutional interest in Ethereum.
Key Points
1. BlackRock's iShares Ethereum ETF has added 1,000,000 ETH since July 12, worth approximately $3.8 billion, marking a 50% growth in 18 days.
2. BlackRock now controls about 2.5% of Ethereum's total circulating supply, which stands at around 121 million ETH.
3. Ethereum's price surged over 52% in July, trading at $3,800.94 at the time of reporting.
4. Despite recent market fluctuations, BlackRock continues to aggressively accumulate Ethereum, with July being its most active month for ETH purchases.
5. Other spot ETH ETFs are also accumulating Ethereum, contributing to the growing institutional adoption of the cryptocurrency.
Description
BlackRock’s Ethereum stash now worth over $11,400,000,000
Latest News
- Cardano Creator Reveals 'Most Advanced Stablecoin Ever Built'2025-07-31 16:01:36
- IMF Says Bitcoin Remains 'Off the Books'2025-07-31 15:58:56
- Bitcoin Destroying Central Banks: Max Keiser2025-07-31 15:58:34
- SHIB Price Prediction for July 312025-07-31 15:57:10
- Coinbase Supply Boosted by 33,346,925 XRP Inflow: Details2025-07-31 15:56:12