BlackRock Buys $54 Million in Ethereum: Major Institutional Crypto Investment Signals Bullish Momentum | Flash News Detail
On April 26, 2025, at approximately 10:30 AM UTC, news broke via a Twitter post by Crypto Rover that BlackRock, the world’s largest asset manager, purchased $54 million worth of Ethereum (ETH), signaling a significant institutional move into the cryptocurrency market (Source: Twitter @rovercrc, April 26, 2025). This acquisition has sparked widespread attention among crypto traders and investors, as it reflects growing confidence in Ethereum’s long-term value proposition, particularly amid its role in decentralized finance (DeFi) and smart contract ecosystems. At the time of the announcement, ETH was trading at $3,245.67 on Binance, marking a 4.7% increase within the hour following the news, as reported by…
