Ethereum

<ul><li>Analyst Crypto Rover reports that BlackRock bought $109.9M Ethereum on August 6, 2024.</li><li>On August 5, there was a moderate purchase of $47.1 million.</li><li>In just 11 trading days, the fund accumulated nearly $900 million in total inflows.</li></ul>Asset manager BlackRock acquired a staggering $109.9 million worth of Ethereum on August 6, 2024, amid a recovering crypto market. This purchase, reported by analyst Crypto Rover, is the largest single-day acquisition observed in the recent period. BlackRock’s ETH acquisition highlights significant institutional interest in Ethereum.The transaction data for early August reveals varying levels of <a href="https://cryptotale.org/justin-sun-faces-280m-loss-as-ethereum-drops-20-report/" rel="noopener noreferrer nofollow">Ethereum</a> purchases. On August 1, $89.6 million worth of Ethereum was bought, while no transactions occurred on August 2. On August 5, there was a moderate purchase of $47.1 million. The most significant purchase occurred on August 6, with BlackRock buying $109.9 million worth of Ethereum. In total, the period saw $869.8 million in Ethereum acquisitions.This substantial purchase coincides with a notable increase in Ethereum’s price. At press time, Ethereum is valued at <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">$2,521.09</a>, with a 24-hour trading volume of $25.68 billion. Despite a 2.14% price increase in the last 24 hours, Ethereum has experienced a 23.80% price decline over the past seven days. With a circulating supply of 120 million ETH, Ethereum&#39;s market capitalization stands at $303.64 billion.<a href="https://cryptotale.org/blackrocks-109-9m-ethereum-purchase-signals-major-institutional-interest/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BlackRock's $109.9M Ethereum Purchase Signals Major Institutional Interest

CryptoTale

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