- BlackRock buys $8.65M in Ethereum, adding 3,337 ETH on May 19, 2025.
- Firm’s Ethereum assets under management now exceed $2.9 billion.
BlackRock’s purchase of Ethereum (ETH) for $8.65 million created a lot of interest in the cryptocurrency industry. Coinbase Prime facilitated the trading of 3,337 ETH which expanded the company’s holdings in digital assets.
According to CoinMarketCap, Ethereum had a price of $2,465.54 on May 19, 2025 which represented a 4.12% decrease in the past 24 hours. Paired with BlackRock’s acquisition, the recent drop in the market has led many to predict that $ETH might soon reverse its trend.
BlackRock Buys 2,097 ETH & 149 BTC in One Day — Smart Money Strikes Again
BlackRock now oversees $2.9 billion in Ethereum, showing the firm’s trust in the cryptocurrency.This announcement is important since it comes after a series of acquisitions, the most recent of which being the purchase of 2,097 ETH for $5.31 million on May 18, 2025. The fact that Ethereum keeps going up shows that the management is committed to digital assets, even if the crypto market is quite unstable.
The company is involved in more activities than just Ethereum. On the same day, BlackRock also purchased 149.612 BTC, with a total value of $15.29 million. This illustrates how the firm is seeking to make its place more secure in the digital asset market.
BlackRock’s actions in Ethereum reflect the company’s earlier aims to open up opportunities for crypto investing. Ever since launching its Ethereum EFT, BlackRock has helped shape this market with many people joining in. According to the SEC, even during difficult times for the crypto market, institutions have been consistently interested in BlackRock’s crypto funds.
Ethereum’s Price Outlook
Source –X
The price of Ethereum fell by 4.12% over the past day due to challenges across the market, as the cryptocurrency had trouble sustaining an upward trend. Based on historical data, $ETH could be getting ready for a change in direction. By looking at charts of Ethereum’s activity from 2017 to 2023, we can see similar overbought and oversold periods that might indicate a bullish future.
The network has also been upgraded, for example, the most recent Pectra update was launched to help reduce transaction fees and improve how staking is performed. This development could strengthen Ethereum’s future value, attracting even institutional investors such as BlackRock.
While the price of Ethereum has gone down, BlackRock’s large purchase means it is optimistic about the coin’s future. Because the firm now holds $2.9 billion in ETH assets, it is considered a major player in the institutional crypto world which could bring new confidence to the market.
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