ICYMI: BlackRock & Fidelity have collectively bought 500mn USD of ETH in the past 48 hours

Binance had the info (link here for more). In brief:

• According to Odaily, recent monitoring by Arkham has revealed that BlackRock and Fidelity have collectively purchased Ethereum (ETH) worth over $500 million in the past 48 hours.
• The acquisition by BlackRock and Fidelity is part of a larger trend where traditional financial entities are increasingly engaging with cryptocurrencies.

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Odaily is a Chinese media platform specializing in cryptocurrency, blockchain technology, and the broader digital asset space.

Arkham is a blockchain intelligence platform that focuses on analyzing and identifying cryptocurrency wallets, transactions, and entities within the blockchain ecosystem.

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This article was written by Eamonn Sheridan at www.forexlive.com.