ETH Price Holds Flatline Even As BlackRock’s ETH Stack Hits $74 Million

• May 3: BlackRock grows ETH position to $74M as ETH price trades flat near $1800
• ETH failed to rally despite BlackRock’s $20M buy, holding support at $1,813
• Ethereum price stalls as institutional demand rises — market awaits clearer signals

BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, has made headlines again — this time with a big move into Ethereum (ETH). The firm just purchased 10,955 ETH worth approximately $20.1 million.

This purchase follows a previous ETH investment from BlackRock totaling $54 million, showing a clear and growing interest in Ethereum-based ETFs. At the same time, BlackRock also poured $674.91 million into Bitcoin ETFs, showing continued confidence in major digital assets.

ETH Price Muted Despite Major BlackRock Investment

Despite BlackRock’s aggressive buying spree, Ethereum’s price has remained relatively stagnant. ETH is currently hovering around the $1,860 mark, showing little to no immediate reaction to the news. This lack of movement…

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