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BlackRock and Fidelity invest 500 million USD in Ethereum through Coinbase

Investments from BlackRock and Fidelity: BlackRock’s Ethereum ETF (ETHA) now holds 3.55 billion USD in assets, while Fidelity’s FETH ETF has 1.56 billion USD. BlackRock’s inflows total 2.99 billion USD, indicating strong support for Ethereum in institutional investment portfolios.

Ethereum’s role in the digital economy: BlackRock acquired 131,741 ETH and Fidelity obtained 108.15 ETH. These investments signify robust institutional interest that could stabilize and elevate the credibility of digital assets as Ethereum’s significance in the digital economy grows.

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