🪙BlackRock Scoops Up $6.4M in ETH as Price Breaks $1,600

BlackRock just acquired 4,126 ETH via its spot Ethereum ETF, totaling $6.4M. The move came as Ethereum crossed $1,600, marking renewed institutional interest. With JPMorgan and Grayscale also upping their ETH exposure, some analysts see signs of a potential altcoin utility season ahead.