BlackRock splashed $1.1 billion on this crypto in 2 days
2025-07-19 09:42:15
Main Idea
BlackRock made a significant $1.11 billion Ethereum purchase over two days, dominating the Ethereum ETF market and increasing its total ETH holdings to 2.46 million ETH.
Key Points
1. BlackRock purchased 307,461 ETH worth $1.11 billion in 48 hours, marking its largest single-day net inflow ever.
2. The firm's total Ethereum holdings surged to 2.46 million ETH, valued at $8.9 billion as of July 18.
3. BlackRock's Ethereum ETF (ETHA) accounted for nearly 98% of the $402.5 million net inflows in Ethereum spot ETFs on July 18.
4. Ethereum ETFs surpassed $5.5 billion in total inflows, with over $3.3 billion added since mid-April.
5. Ethereum's price was trading at $3,553, down 1.5% in the last 24 hours, with potential to breach the $4,000 mark if it breaks through the $3,700 to $3,800 resistance zone.
Description
The world’s largest asset manager, BlackRock (NYSE: BLK ), continues to assert its dominance in the cryptocurrency space with a massive Ethereum ( ETH ) purchase worth over $1 billion in 48 hours. On-chain data shows that on July 17, BlackRock’s Ethereum exchange-traded fund (ETHA) recorded its largest single-day net inflow ever, pulling in 148,585 ETH, worth approximately $510 million. The buying spree continued on July 18, with the firm acquiring an additional 158,875 ETH valued at $574 millio...
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