BlackRock’s Ethereum Acquisition May Signal Its Role as Institutional Financial Infrastructure

BlackRock's $28.78 million Ethereum acquisition underscores its role as vital financial infrastructure for tokenizing real-world assets, moving beyond mere speculation. This purchase supports the BUIDL fund on the Ethereum blockchain, positioning ETH as essential operational fuel for institutional finance. BlackRock now holds 3,944,794 ETH, ranking third globally after the Eth2 Beacon Deposit Contract and Binance. [...]