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BlackRock Buys $50M in Ethereum – Are Institutions Gearing Up?

  • BlackRock has purchased over $50 million worth of Ethereum via Coinbase Prime, indicating potential long-term accumulation.
  • The move by BlackRock suggests institutional interest in Ethereum and could be indicative of broader institutional moves in the future.
  • Ethereum's bullish structure may see upside potential if this institutional momentum continues.
  • The significant purchase by BlackRock raises questions about their strategic objectives and future plans in relation to Ethereum.

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