Ethereum

Prime

BlackRock

<ul class="wp-block-list">
 <li>BlackRock purchased 131.741 ETH, including a 10K ETH transaction, increasing ETHA ETF net assets to $3.55B.</li>  
 <li>Fidelity acquired 108.15 ETH, boosting FETH ETF net assets to $1.56B with a daily inflow of $13.8M.</li>  
 <li>Combined $500M ETH investments by BlackRock and Fidelity align with ETH's rising network activity in DeFi and NFTs.</li> 
</ul>  
<p>BlackRock and Fidelity, made a move in the crypto market, purchasing over $500 million worth of ETH.This transaction has pointed out the increasing institutional interest in digital assets, with the transaction facilitated through Coinbase Prime.</p>  
<h2 class="wp-block-heading" id="h-acquisition-and-investment">Acquisition and Investment</h2>  
<p>According to a post by Arkham Intelligence on X, the transactions by BlackRock and Fidelity involved the purchase of over half a billion dollars in Ethereum. This recent transaction follows a continued move by BlackRock and Fidelity to expand their presence in the crypto industry.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/arkham/status/1866946017150767206
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<p>Over the past week, a total of <a href="https://cryptonewsland.com/blackrock-bitcoin-etf-inflows-hold-amid-concerns-over-quantum-computing/" target="_blank" rel="noopener noreferrer nofollow">131.741 ETH was purchased by BlackRock</a>, including transactions as large as 10K ETH per transaction. The transactions span multiple days, with values such as 1.495 ETH ($4.28M) and 8.175 ETH ($31.02M). On the other hand,&nbsp; Fidelity's FETH ETF saw a total of 108.15 ETH transferred, with transactions ranging from 1.5 ETH to 24 ETH. Notable inflows include 15 ETH ($55.95M), 24 ETH ($89.80M), and 8 ETH ($29.68M).</p>  
<p>The investment from BlackRock and Fidelity has recorded engagement with the crypto sector.&nbsp; The addition of $500 million comes when Ethereum’s network activity continues to surge, advocated by the increasing adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs).</p>  
<h2 class="wp-block-heading" id="h-sosovalue-update-blackrock-s-etha-hits-3-55b-fidelity-1-56b">SoSoValue Update: BlackRock's ETHA Hits $3.55B, Fidelity $1.56B</h2>  
<p>According to SoSoValue update, BlackRock’s ETHA ETF recorded a 1-day net inflow of $74.16 million, bringing cumulative inflows to $2.99 billion. Its total net assets reached $3.55 billion with a daily price change of +5.28%.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcp9E9ItIOxF8QdhG7C_UMfhPR_FSUcOSOHM3U0HHrlwNDVAU8x6c3CjKZ_2uulellNtnyuKSZBRH2b3BTug-PF_14glHLTX1nPKcHXbQfJf7tvyk8GE-ApR8SX7IOpZukX8D9k?key=HdjO13UEA5zYwlL7sACjPeuw" alt="">
</figure>  
<p class="has-text-align-center"><strong><em>Source:</em></strong><em> </em><a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow"><em>SoSoValue</em></a><a href="https://cryptonewsland.com/ethereum-spot-etfs-report-83-76m-inflows-as-blackrock-and-fidelity-lead-daily-gains/" rel="noopener noreferrer nofollow">&nbsp;</a></p>  
<p><a href="https://cryptonewsland.com/ethereum-spot-etfs-report-83-76m-inflows-as-blackrock-and-fidelity-lead-daily-gains/" target="_blank" rel="noopener noreferrer nofollow">Fidelity’s FETH ETF recorded</a> a 1-day net inflow of $13.8 million, with cumulative inflows of $530.58 million. Fidelity’s total net assets stand at $1.56 billion, reflecting a daily price change of +5.06%.</p>   
<p>The post <a href="https://cryptonewsland.com/blackrock-and-fidelity-invest-500m-in-ethereum-through-coinbase-prime-deals/" rel="noopener noreferrer nofollow">BlackRock and Fidelity Invest $500M in Ethereum Through Coinbase Prime Deals</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

BlackRock and Fidelity Invest $500M in Ethereum Through Coinbase Prime Deals

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