Today is a great day in the world of institutional cryptocurrency investing. Black Rockthrough its Ethereum-focused ETF, now owns $3.5 billion worth of ETH, or 993,591.95 ETH, representing 0.12% of the total ETH supply. Ethereum (ETH). according to Arkham IntelligenceBlackRock is now the twelfth largest asset holder in the world.

BlackRock's history with Ethereum (ETH) began this year when ETHA - the fund's ETF - was approved by the Securities and Exchange Commission and began trading. According to Larry Fink, the current CEO of BlackRock, Ethereum has a very good opportunity to grow as a blockchain, and he believes that it is not a currency but an asset.

This perspective is in line with Ethereum's reputation as a platform not only for decentralized applications and smart contracts but also for large independent blockchains such as Optimism or Arbitrum.

Digging deeper into the on-chain data, it is clear that BlackRock currently holds 993,591.95 ETH, which represents 0.12% of the total supply of the main altcoin. According to this parameter, BlackRock currently ranks 12th in size Ethereum pregnant.

Vision 2025

This achievement is not just a one-time event – ​​it is part of a larger story. More and more institutions have entered the cryptocurrency space this year, with Fidelity, BlackRock, WisdomTree and others launching their own ETFs.

They no longer view it just as a speculative play or something for a small group of crypto designers, but as an entire asset class.

What's coming is very exciting, but also a bit risky. BlackRock has a significant stake in ETH, so its moves could have an impact on the market. As we approach 2025, we're starting to ask questions about how important Ethereum is, whether it can scale, and how successful its adoption will be.