BlackRock and Fidelity jointly purchased over 100,000 Ether!According to Cointelegraph on X (formerly Twitter), BlackRock and Fidelity's spot Ethereum exchange-traded funds (ETFs) collectively bought more than 100,000 ETH this week, totaling approximately $342.2 million USD
BlackRock and Fidelity jointly purchased over 100,000 Ether!
According to Cointelegraph on X (formerly Twitter), BlackRock and Fidelity's spot Ethereum exchange-traded funds (ETFs) collectively bought more than 100,000 ETH this week, totaling approximately $342.2 million USD. This massive purchase sends a strong positive signal to the market. Specifically, the two firms acquired 101,390 ETH.
This move highlights the continued bullish sentiment of institutional investors towards Ethereum and their recognition of its value as a digital asset. As leading global asset management companies, BlackRock and Fidelity's investment decisions are closely watched by the market. This large-scale purchase of Ethereum further fueled its price increase and boosted market confidence in its future development.
The sheer size of this transaction reflects the active embrace of digital asset investment opportunities by institutional investors. With more institutional investors expected to enter the cryptocurrency market in the future, the market performance of digital assets like Ethereum warrants attention.
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