The world's largest asset manager, BlackRock, is capitalizing on the recent Ethereum (ETH) price dip to bolster its holdings for its Ethereum-based exchange-traded fund (ETF).
BlackRock's Strategic ETH Purchase
According to BlackRock's official data, the firm acquired 100,535 ETH—valued at approximately $276.2 million at the time of purchase—for its iShares Ethereum Trust (ETHA).
Key Highlights:
- Total ETH Holdings: BlackRock now custody 1,352,934 ETH (~$3.71 billion).
- Assets Under Management (AUM): Reported at $11.5 trillion (October 2023).
👉 Why institutional ETH accumulation matters for crypto investors
Institutional and Political Interest in Ethereum
On-chain data reveals that World Liberty Financial (WLFI), a crypto initiative linked to the U.S. President, has also been accumulating ETH. Blockchain analytics platform Arkham reported:
- WLFI purchased $307 million in ETH and Wrapped Bitcoin (wBTC).
- Funds were transferred to Coinbase Prime for institutional management.
Market Sentiment: Bullish Predictions
Prominent crypto trader Michaël van de Poppe shared an optimistic outlook for ETH and BTC in a recent strategy session:
"This cycle could extend longer and reach higher than anticipated. Bitcoin at $500,000 and Ethereum at $20,000? Sign me up."
Price Targets:
- ETH: $20,000 (all-time high).
- BTC: $500,000.
FAQs
Why is BlackRock buying Ethereum?
BlackRock’s ETH purchases align with its iShares ETF strategy, reflecting growing institutional confidence in Ethereum’s long-term value.
What’s the significance of WLFI’s ETH accumulation?
WLFI’s moves signal institutional and political interest in ETH as a strategic asset, potentially influencing broader adoption.
How high could ETH go this cycle?
Analysts like van de Poppe project a $20,000 ETH if the bull market extends beyond current expectations.
Key Takeaways
- Institutional Demand: BlackRock and WLFI are driving ETH accumulation.
- Bullish Forecasts: ETH could surge to $20,000 in this cycle.
- Market Recovery: Altcoins show signs of rebound alongside ETH.
👉 Explore ETH investment strategies for 2025
Disclaimer: This content is for informational purposes only. Cryptocurrency investments involve risks; conduct independent research before making decisions.
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