BlackRock Capitalizes on Crypto Market Pullback; Adds $8.65 Million in ETH to Portfolio
- BlackRock purchased an additional $8.65 million of Ethereum (ETH), boosting its holdings.
- The ETH buy aligns with a recent 15% price dip, seen as institutional dip-buying.
- Ethereum holds above $2,400; BlackRock’s move may fuel retail interest for a rally.
BlackRock, among the leading cryptocurrency ETF providers in the United States, bought an additional $8.65 million worth of Ethereum to boost its digital asset holdings.
The latest acquisition amplifies the speculation about institutional investors seeking opportunities to buy cryptocurrencies at lower prices.
BULLISH
— That Martini Guy ₿ (@MartiniGuyYT) May 19, 2025BLACKROCK JUST BOUGHT ANOTHER $8.65M IN $ETH ON COINBASE pic.twitter.com/yTWz2hIal8
Institutional Strategy: Capitalizing on Pullbacks for Holdings Boost
Actions like this by large-scale investors often provide retail traders with insight, depending on the prevailing market conditions. For instance, when a cryptocurrency moves in a zigzag formation while trending, technical analysts use these identified patterns to find good trading spots. In a similar way, institutional investors watching the markets often use pullbacks and retrac…
The post BlackRock Capitalizes on Crypto Market Pullback; Adds $8.65 Million in ETH to Portfolio appeared first on Coin Edition.
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BlackRock Capitalizes on Crypto Market Pullback; Adds $8.65 Million in ETH to Portfolio
- BlackRock purchased an additional $8.65 million of Ethereum (ETH), boosting its holdings.
- The ETH buy aligns with a recent 15% price dip, seen as institutional dip-buying.
- Ethereum holds above $2,400; BlackRock’s move may fuel retail interest for a rally.
BlackRock, among the leading cryptocurrency ETF providers in the United States, bought an additional $8.65 million worth of Ethereum to boost its digital asset holdings.
The latest acquisition amplifies the speculation about institutional investors seeking opportunities to buy cryptocurrencies at lower prices.
BULLISH
— That Martini Guy ₿ (@MartiniGuyYT) May 19, 2025
Institutional Strategy: Capitalizing on Pullbacks for Holdings Boost
Actions like this by large-scale investors often provide retail traders with insight, depending on the prevailing market conditions. For instance, when a cryptocurrency moves in a zigzag formation while trending, technical analysts use these identified patterns to find good trading spots. In a similar way, institutional investors watching the markets often use pullbacks and retrac…
The post BlackRock Capitalizes on Crypto Market Pullback; Adds $8.65 Million in ETH to Portfolio appeared first on Coin Edition.
Read More
Tom Lee’s BitMine Sells Stock at $70 to Raise Additional $365M for ETH Treasury