Crypto Daily – BlackRock (NYSE:) and Fidelity, two of the largest exchange-traded fund (ETF) issuers, have purchased over $500 million worth of ETH over the past two days.
The purchase was made primarily through Coinbase (NASDAQ🙂 and its institution-focused crypto services platform, Prime.
BlackRock And Fidelity’s Collective ETH Purchase
BlackRock and Fidelity are two of the largest ETF issuers, with their ETHA and FETH leading the all-time high inflows registered on November 30. According to the available market data, BlackRock’s ETHA brought in $372 million, while Fidelity’s FETH brought in $103 million on December 10. Details about the ETH purchase were revealed by crypto data tracking platform, Arkham, which revealed the financial giants bought $500 million worth of ETH in 48 hours. According to Arkham, both firms completed the purchase through Coinbase or its institution-focused crypto services platform, Prime.
“PAST 48 HOURS: BLACKROCK…
Read More
