BlackRock and Fidelity Make ETH Purchase Worth $500 Million in Two Days

BlackRock and Fidelity have been buying ETH in bulk, according to data platform Arkham Intelligence. The two investment management giants bought a combined $500 million worth of Ethereum’s native token in two days, according to a Dec. 11 X post . It also revealed that both companies made most of the transactions through Coinbase. BlackRock and Fidelity’s Ethereum exchange-traded funds (ETFs) received $868.6 million in inflows in the past week. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io