$ETH
Crypto market is exploding! BlackRock invests $140 million in ETH to crush Coinbase, the bull market is about to surge
Just detected a big news——global asset management giant BlackRock has suddenly taken action!
On December 16th, OnchainLens confirmed that BlackRock directly transferred 47,463 ETH to Coinbase, which amounts to a direct investment of $140 million at current prices! This is a financial giant managing $11.6 trillion in assets, not a small retail operation 🤯
It's important to know that Coinbase's receiving end is still a dedicated channel for institutions. Combined with BlackRock's recently submitted staking Ethereum ETF application, this move is clearly paving the way for the ETF rollout! The previous Bitcoin ETF caused the market to skyrocket, and now ETH is seeing major investments from giants, providing support at the $3,000 mark.
After all, BlackRock has long proclaimed that 'every financial asset can be tokenized.' From Bitcoin ETFs to RWA tokenization, now heavily investing in ETH, they are clearly on a path to move trillions of dollars in assets onto the blockchain. Institutions are frantically entering the market to grab shares, and we ordinary people need to keep a close eye on this, as it might be a key signal for the institutionalization of the crypto market! $BTC
