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Why BUIDL Fund’s $1.145B ETH stake signals faith in Ethereum’s future

AMBCrypto LogoAMBCrypto2d ago

Why BUIDL Fund’s $1.145B ETH stake signals faith in Ethereum’s future - AMBCrypto

Quick Summary:

BlackRock’s BUIDL Fund increases Ethereum holdings to $1.145B, signaling strong institutional confidence despite ETH’s struggles.

Although addresses with over 100,000 ETH have remained relatively unchanged, the broader accumulation trend highlights strong institutional and high-net-worth investor conviction.

On-chain data from Nansen Research reveals that since the of 12th March, wallets holding between 1,000 and 10,000 ETH have expanded their holdings by 5.65%, while those in the 10,000 to 100,000 ETH range have accumulated 28.73% more.


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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 11:00:31 (2 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 27273971

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About AMBCrypto

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Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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