BlackRock Buys $20 Million Ethereum, Holds 92% of $2.92 Billion BUIDL Fund Assets, Other Chains Included

BlackRock has recently purchased an additional $20 million worth of Ethereum, reinforcing its substantial investment in the cryptocurrency. The firm’s BUIDL fund currently holds approximately $2.92 billion in assets under management (AUM), with around 92% of these assets, or $2.7 billion, tokenized on the Ethereum blockchain. This dominance highlights Ethereum’s liquidity and the trust it commands within BlackRock’s portfolio. Other blockchain platforms in the fund’s allocation include Aptos with $53.4 million, Avalanche with $52.8 million, Polygon with $38.4 million, Arbitrum with $32.5 million, Optimism with $26.2 million, and Solana with $20.1 million. The data underscores BlackRock’s strategic focus on Ethereum compared to other chains, which hold relatively minor portions of the fund’s assets. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io