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BlackRock Boosts Ethereum Holdings by 10,955 ETH, $20.1 Million

Coin WorldSaturday, May 3, 2025 11:51 am ET
1min read

BlackRock, the world’s largest asset manager, has significantly increased its Ethereum (ETH) holdings, purchasing 10,955 ETH worth approximately $20.1 million on May 3. This acquisition follows a previous investment of $54 million, bringing BlackRock’s total ETH position to $74 million. Concurrently, blackrock invested $674.91 million into Bitcoin ETFs, demonstrating its continued confidence in major digital assets.

Despite this substantial investment, the price of Ethereum has remained relatively stable, trading around $1,860. This lack of immediate reaction has puzzled some market observers, given the magnitude of BlackRock’s purchase. Analysts suggest that the market may still be processing the news or awaiting clearer technical signals before making a significant move.

Ethereum recently attempted to surpass $1,872 but was met with resistance, causing the price to drop to approximately $1,813. This level has acted as short-term support, and if maintained, it could pave the way for a potential upward movement towards the $1,925 resistance target. However, if ETH fails to hold above $1,813, the focus may shift to the April 30th low around $1,732, which could indicate a deeper pullback.

The technical outlook for Ethereum remains uncertain, with the market in a state of indecision. Nevertheless, BlackRock’s recent investments signal growing institutional interest in Ethereum, which could potentially lead to more significant market movements in the future. The market awaits clearer signals to determine the next direction for Ethereum’s price.

Ask Aime: "Has BlackRock's recent Ethereum investment sparked a price surge?"

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rvnmsn
05/03
BlackRock flexing on Ethereum, bullish vibes?
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NinjaImaginary2775
05/03
My strategy: Hold $ETH, diversify with $BTC and $AAPL. Ride the waves, not the hype. Long-term gains, less FOMO.
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Aedowen
05/03
@NinjaImaginary2775 How long you planning to hold $ETH? Curious about your target or any specific milestones you're eyeing.
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mrpoopfartman
05/03
$74 million bet from BlackRock, yet ETH chillin' at $1,860. Market just sleeping on this news or what? 🧐
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Endura_GW2
05/03
@mrpoopfartman Maybe market's just digesting the news.
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alvisanovari
05/03
Market observers puzzled by the lack of reaction? Sometimes these markets just take their sweet time digesting news. Patience, traders.
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Bossie81
05/03
BlackRock's moves got me thinking: ETH could moon without warning. Gotta stay alert and ready for those whiplash moments.
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Empty_Somewhere_2135
05/03
@Bossie81 You think ETH's gonna blast off?
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cashmoneyv1
05/03
@Bossie81 Agreed, BlackRock's moves are wildcards.
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that_is_curious
05/03
Institutions piling in, ETH price surprise imminent?
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a_monkie
05/03
Resistance at $1,925 looms. ETH gotta break through or risk another pullback. Are we seeing a classic case of market indecision?
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Electrical_Green_258
05/03
Bitcoin gets $674.91M, Ethereum gets $20.1M from BlackRock. Different strokes for different folks or just risk management?
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Icy-Assignment-5579
05/03
@Electrical_Green_258 Different strokes, maybe just hedging.
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auradragon1
05/03
BlackRock's moves are loud, but market reaction is meh. Maybe we're in for a longer wait on price action pop.
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DrSilentNut
05/03
Bought the dip? BlackRock sure did. 10,955 ETH at $1,860 avg. That's some serious bag holding pay-off.
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Roneffect
05/03
$TSLA and Ethereum in my portfolio. Balancing tech giants with blockchain. Gotta spread those bets in this volatile dance.
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Summerdaysengineer
05/03
@Roneffect How long you been holding $TSLA and Ethereum? Any predictions on which might pump harder soon?
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InevitableSwan7
05/03
ETH stable, but watch those resistance levels.
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Outrageous-Lab2721
05/03
@InevitableSwan7 Think ETH can break $2k soon?
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xtreem_neo
05/03
@InevitableSwan7 True, resistance levels are key.
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Arturs727
05/03
Holy!The ETH stock was in an easy trading mode with Pro tools, and I made $139 from it!
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