BlackRock Buys 4,126 Ethereum Worth $6.4M as ETH Price Surpasses $1,600

BlackRock, a major financial institution, has purchased 4,126 Ethereum (ETH) valued at $6.4 million through its spot Ethereum ETF. The transaction occurred on April 10, 2025, with reports emerging on April 11.

The purchase aligns with broader institutional interest in Ethereum, as other entities such as Grayscale and JPMorgan are also reportedly increasing their holdings of ETH. Ethereum's price has recently surpassed $1,600, breaking its 2018 all-time high and signaling strong market activity, with discussions pointing to a potential utility season for altcoins.

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