BlackRock’s Bold $85M Ethereum Buy Hints at Crypto Confidence Surge Post-ETF Turnaround

Jul 4, 2025 04:00 pm Cryptocurrency 84

Key Takeaways:

BlackRock purchased 33,237.72 ETH worth $85.4 million on July 3, marking one of its largest single-day Ethereum acquisitions.

The U.S. Ethereum Spot ETF market saw a dramatic turnaround, recording a total net inflow of $148.5 million in one day.

Combined with earlier reports, BlackRock’s crypto portfolio has grown by $24 billion in H1 2025, signaling renewed institutional momentum in digital assets.

Ethereum may be on the brink of a new institutional era. On July 3, BlackRock made headlines with an $85.4 million Ethereum purchase amid a broader wave of inflows into U.S. Ethereum Spot ETFs. This move not only highlights growing confidence in ETH as an institutional asset but also adds fuel to a crypto market poised for a possible second-half rally.