BlackRock Goes All-In: $1.1 Billion Ethereum Shopping Spree

by Ouess

The institutional Ethereum rush is accelerating. BlackRock just made crypto history with a jaw-dropping $1.1 billion ETH purchase across just two days, cementing its position as a market-moving force in digital assets.

Breaking Down the Billion-Dollar Buy

  • July 17: 148,585 ETH ($510M) – largest single-day ETF inflow ever
  • July 18: 158,875 ETH ($574M)
  • Total: 307,461 ETH ($1.11B) acquired in 48 hours

This buying spree boosts BlackRock’s total ETH holdings to 2.46M ($8.9B) – enough to make it one of Ethereum’s largest institutional holders.

Why Institutions Are Flooding Into ETH

1️⃣ Yield potential: ETH basis yields hit double digits (highest since Dec 2024)
2️⃣ CME futures activity: Open interest at bullish levels
3️⃣ ETF dominance: BlackRock’s ETHA captured 98% of recent inflows ($394.9M on July 18 alone)

Ethereum Price Outlook: $4,000 in Sight?

Despite a 1.5% daily dip to $3,553, ETH shows strong momentum:
📈 Up 20% weekly
📈 Key resistance at $3,700-$3,800
📈 Ultimate target: Break $4,000 psychological barrier

ETH Price Source : TradingView

Analyst Insight:

“This isn’t just speculation – institutions are building strategic positions,” noted Bloomberg’s James Seyffart.

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