According to cryptocurrency analysis firm LookOnChain, BlackRock purchased 100,535 Ethereum (ETH), worth around $276 million, on Feb. 4, 2025. The world’s largest asset manager currently holds 1,352,934 ETH, worth about $3.71 billion.
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BlackRock bought 100,535 $ETH($276M) yesterday and currently holds 1,352,934 $ETH($3.71B).https://t.co/sefS6WTlHz pic.twitter.com/tDywIg1eph
— Lookonchain (@lookonchain) February 5, 2025
Is BlackRock’s Ethereum Purchase Causing A Price Spike?
ETH is currently outperforming the likes of Bitcoin (BTC), XRP, and Solana (SOL) in the daily charts. While ETH is up 4.1% in the last 24 hours, BTC is down 0.3%, XRP is down 2.7%, and SOL is down 1.5%.
Despite the rally, ETH’s price has dipped 11.6% in the weekly charts, 11.5% in the 14-day charts, and 23% over the previous month. The asset has maintained some gains in the yearly charts, rallying 22.4% since January 2024.
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An interesting point to note is that US President Donald Trump’s World Liberty Financial also purchased ETH on Feb. 4, 2025. According to LookOnChain, World Liberty Financial bought 1826 ETH, worth around $5 million, on that day. President Trump’s son, Eric Trump, took to X and said that it’s a great time to add ETH.
Trump’s World Liberty(@worldlibertyfi) bought another 1,826 $ETH($5M) today.
World Liberty has bought a total of 61,114 $ETH($205M) at an average price of $3,354, with a loss of $31M!
Today, World Liberty also transferred 86,296 $ETH($235M), 647 $WBTC($65.5M), 256,315… pic.twitter.com/Oerqt5TaoX
— Lookonchain (@lookonchain) February 4, 2025
Will The Asset Continue Its Rally?
BlackRock and President Trump’s World Liberty Financial buying ETH is as bullish of news as ever. One is the world’s largest asset manager, and the other is a firm backed by arguably the most powerful man in the world right now. It is possible that we may witness ETH climb to new highs soon.
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According to CoinCodex, Ethereum (ETH) will continue to rally over the next few months. The platform anticipates the asset to hit a new all-time high of $5425.13 on May 6, 2025. Hitting $5425.13 from current price levels will entail a rally of about 91.84%.
