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BlackRock, $11 Trillion Asset Manager, Buys $673 Million Ethereum; Metalpha Purchases $48.45M ETH and Lends $133.5M stETH

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Published Jun 10, 2025, 01:33 PM

BlackRock, the world's largest asset manager with $11 trillion in assets, has purchased a total of 267,214 Ethereum (ETH) tokens worth approximately $673 million over the past month. Recent transactions include a $35.2 million acquisition of Ethereum, highlighting the firm's continued accumulation amid market volatility. Concurrently, Nasdaq-listed firm Metalpha purchased 18,000 ETH valued at around $48.45 million from Binance and is actively lending 48,232.76 staked ETH (stETH), worth about $133.5 million, across various decentralized finance platforms including Aave, TreehouseFi, and Spark. These moves indicate institutional confidence in Ethereum despite recent retail investor uncertainty.

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ardizor 🧙‍♂️

@ardizor

While retail investors were panicking, what was BlackRock doing? That's right, it was buying the dip heavily And the focus this time is on $ETH Now, look at the price of $ETH So, when will all those altseason non-believers change their minds? I'M MORE BULLISH THAN EVER

Crypto Briefing

@Crypto_Briefing

🔥 NEW: Nasdaq-listed @MetalphaPro purchased 18,000 $ETH (≈$48.45M) from Binance 10 hours ago. The firm is actively lending 48,232.76 $stETH (≈$133.5M) across platforms including @aave, @TreehouseFi, and @sparkdotfi.