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BlackRock’s $8.65M ETH Buy Sparks Market Buzz

TheNewsCrypto LogoTheNewsCrypto16h ago

BlackRock’s $8.65M ETH Buy Sparks Market Buzz - TheNewsCrypto

Quick Summary:

In a major signal of growing institutional trust in digital assets, BlackRock has purchased $8.65 million worth of Ethereum (ETH) through Coinbase, according to a tweet by Crypto Rover on May 19, 2025.

Even MicroStrategy (MSTR), one of the larger crypto-exposed stocks, rose 2.1% to $1,450, indicating a spill-over effect in crypto-related shares.

Open interest in ETH futures on CME increased by 5% to $1.8 billion, indicating that traders are positioning for possible upside.

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Article Details

Author / Journalist: Harshini Chakka

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 07:27:34 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28813619

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About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

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The story "BlackRock’s $8.65M ETH Buy Sparks Market Buzz" has 431 words across 30 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "BlackRock’s $8.65M ETH Buy Sparks Market Buzz" was covered 16 hours ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

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TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 20 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #28813619
  • URL: https://articulation360.beamstart.com/news/blackrocks-865m-eth-buy-sparks-17476515562599

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