BlackRock Goes All-In on Ethereum With Record $547M Purchase

by Ouess

The world’s largest asset manager just made a stunning move. BlackRock acquired $547 million worth of Ethereum in a single day – outpacing its Bitcoin purchases by $50 million during the same period.

Why This Ethereum Buying Spree Matters

  • 5x larger than Bitcoin buys relative to market cap
  • $7.75B total ETH holdings as of July 18
  • Signals strong institutional conviction in ETH’s upside

The Numbers Behind the Strategy

MetricBitcoin (BTC)Ethereum (ETH)
Price$118,755$3,620
Market Cap$2.36T$437B
BlackRock’s Daily Buy$497M$547M

Key Insight:
ETH’s smaller market cap means BlackRock’s purchases have 5x more impact percentage-wise compared to BTC.

What’s Driving BlackRock’s ETH Focus?

Analysts point to three potential factors:
1️⃣ Tokenized finance ambitions (ETH’s smart contract dominance)
2️⃣ Real-world asset infrastructure (Enterprise Ethereum Alliance)
3️⃣ Staking yields vs. Bitcoin’s static holdings

Market Impact and Future Outlook

  • Could accelerate institutional ETH adoption
  • May put upward pressure on Ethereum’s price floor
  • Suggests long-term bullish stance despite ETH being an “altcoin”

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