As reported by Cointelegraph, BlackRock and Fidelity have collectively purchased approximately 101,390 Ethereum (ETH) through their spot Ethereum ETFs, amounting to a total value of $342.2 million. This acquisition took place within the week, highlighting significant institutional interest in Ethereum. The move by these major financial institutions underscores the growing acceptance and integration of cryptocurrency assets into traditional investment portfolios.
BlackRock and Fidelity Acquire 101,390 ETH Worth $342.2M in Spot ETFs
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