BlackRock and Fidelity Invest $500M in Ethereum via Coinbase  

• BlackRock and Fidelity invested $500M in Ethereum, emphasizing institutional confidence in digital assets amid rising network activity in DeFi and NFTs.  
• BlackRock’s ETHA ETF achieved $3.55B in net assets with a $74.16M daily inflow, showcasing Ethereum’s growing institutional appeal.  
• Fidelity’s FETH ETF net assets reached $1.56B, supported by a $13.8M daily inflow and Ethereum’s increasing adoption in key blockchain sectors. 

BlackRock and Fidelity have collectively invested over $500 million into Ethereum through transactions facilitated by Coinbase Prime. This development underscores the growing institutional confidence in digital assets, particularly Ethereum, as its network activity continues to rise due to decentralized finance (DeFi) and non-fungible token (NFT) adoption.  

Significant Ethereum Purchases by BlackRock and Fidelity  

According to data from Arkham Intelligence, BlackRock acquired 131.741 ETH in a series of transactions, including a single transfer of 10,000 ETH. These transactions were valued at millions, with notable examples including a 1.495 ETH transfer worth $4.28 million and an 8.175 ETH transaction amounting to $31.02 million. Fidelity, on the other hand, increased its Ethereum holdings by 108.15 ETH, with individual transactions ranging from 1.5 ETH to 24 ETH. Prominent inflows for Fidelity included 15 ETH ($55.95 million), 24 ETH ($89.80 million), and 8 ETH ($29.68 million). 

ETFs See Rapid Growth in Net Assets

BlackRock’s Ethereum ETF (ETHA) has shown substantial growth, recording a one-day net inflow of $74.16 million. This brings its cumulative inflows to $2.99 billion, pushing total net assets to $3.55 billion. The ETF also experienced a daily price increase of 5.28%, reflecting the strong demand for Ethereum-focused investment products.  

Similarly, Fidelity’s FETH ETF recorded a one-day net inflow of $13.8 million, elevating its cumulative inflows to $530.58 million. The ETF’s total net assets now stand at $1.56 billion, with a daily price gain of 5.06%. These figures illustrate the accelerating adoption of Ethereum in institutional portfolios.  

Ethereum’s Network Momentum Grows

The strategic investments by BlackRock and Fidelity coincide with Ethereum’s increasing relevance in the digital economy. Its network activity continues to grow, driven by the expanding DeFi ecosystem and NFT market. These sectors have positioned Ethereum as a leading platform for innovation, attracting both institutional and retail investors.  

The combined investment of $500 million into Ethereum reflects a robust institutional interest that could further stabilize and enhance the credibility of digital assets. As Ethereum continues to evolve, its role in the broader financial landscape becomes increasingly pivotal, especially with backing from major financial institutions like BlackRock and Fidelity.