Ethereum: BlackRock Buys $276 Million Worth Of ETH

According to cryptocurrency investigation steadfast LookOnChain, BlackRock purchased 100,535 Ethereum (ETH), worthy astir $276 million, connected Feb. 4, 2025. The world’s largest plus manager presently holds 1,352,934 ETH, worthy astir $3.71 billion.

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BlackRock bought 100,535 $ETH($276M) yesterday and presently holds 1,352,934 $ETH($3.71B).https://t.co/sefS6WTlHz pic.twitter.com/tDywIg1eph

— Lookonchain (@lookonchain) February 5, 2025

Is BlackRock’s Ethereum Purchase Causing A Price Spike?

Source: Watcher Guru

ETH is presently outperforming the likes of Bitcoin (BTC), XRP, and Solana (SOL) successful the regular charts. While ETH is up 4.1% successful the past 24 hours, BTC is down 0.3%, XRP is down 2.7%, and SOL is down 1.5%.

Despite the rally, ETH’s terms has dipped 11.6% successful the play charts, 11.5% successful the 14-day charts, and 23% implicit the erstwhile month. The plus has maintained immoderate gains successful the yearly charts, rallying 22.4% since January 2024.

Source: CoinGecko

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An absorbing constituent to enactment is that US President Donald Trump’s World Liberty Financial besides purchased ETH connected Feb. 4, 2025. According to LookOnChain, World Liberty Financial bought 1826 ETH, worthy astir $5 million, connected that day. President Trump’s son, Eric Trump, took to X and said that it’s a large clip to adhd ETH.

Trump's World Liberty(@worldlibertyfi) bought different 1,826 $ETH($5M) today.

World Liberty has bought a full of 61,114 $ETH($205M) astatine an mean terms of $3,354, with a nonaccomplishment of $31M!

Today, World Liberty besides transferred 86,296 $ETH($235M), 647 $WBTC($65.5M), 256,315… pic.twitter.com/Oerqt5TaoX

— Lookonchain (@lookonchain) February 4, 2025

Will The Asset Continue Its Rally?

BlackRock and President Trump’s World Liberty Financial buying ETH is arsenic bullish of quality arsenic ever. One is the world’s largest plus manager, and the different is simply a steadfast backed by arguably the astir almighty antheral successful the satellite close now. It is imaginable that we whitethorn witnesser ETH ascent to caller highs soon.

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According to CoinCodex, Ethereum (ETH) volition proceed to rally implicit the adjacent fewer months. The level anticipates the plus to deed a caller all-time precocious of $5425.13 connected May 6, 2025. Hitting $5425.13 from existent terms levels volition entail a rally of astir 91.84%.

Source: CoinCodex