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BlackRock and Fidelity inject $500M into ETH ETF products. How does this surge impact the king of altcoin's market trajectory?
has captured the spotlight once again, as ETFs managed by financial powerhouses BlackRock and Fidelity have made a combined purchase of $500 million worth of ETH in just two days.
Ethereum’s price, at $3,830 at press time, reflected a 5.1% rise, underpinned by 24-hour trading volumes reaching $39.3 billion.These inflows also highlighted the dominant role Coinbase Prime plays in facilitating large-scale institutional transactions, strengthening its position as a key bridge between traditional finance and crypto markets.
Furthermore, these inflows amplify Ethereum’s standing in the post-approval era of spot ETFs, where regulatory clarity has catalyzed confidence among institutional investors.
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