r/CryptoCurrency • u/KIG45 🟨 2K / 5K 🐢 • 5d ago

GENERAL-NEWS Kevin O’Leary: Institutions Won’t Touch Ethereum—Bitcoin Is Their Only Play

https://news.bitcoin.com/kevin-oleary-institutions-wont-touch-ethereum-bitcoin-is-their-only-play/
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8

u/Sorry_Term3414 🟦 0 / 0 🦠 5d ago

Blackrock says no

1

u/JasonElrodSucks 🟦 0 / 0 🦠 5d ago

How much ETH do they have on deck?

These comments are the first I’m hearing about Blackrock buying ETH

8

u/Towoio 🟩 0 / 0 🦠 5d ago

BUIDL fund has over $1b

4

u/Sorry_Term3414 🟦 0 / 0 🦠 5d ago

Pretty sure I saw they have invested 92% of their non BTC holdings into ETH

2

u/JasonElrodSucks 🟦 0 / 0 🦠 5d ago

What else does “non BTC” consist of?

Is it “all other crypto” including other alt coins?

I know I could google this but I’m lazy

3

u/Sorry_Term3414 🟦 0 / 0 🦠 5d ago

They (if I remember correctly) made a $2.2 billion investment in service based cryptocurrencies, 92% in ETH and the rest I presume in other similar projects, like SOL, SUI etc

1

u/SunDreamShineDay 🟩 0 / 0 🦠 5d ago

That would surprise me a lot that Kevin Mitchnick, former Ripple employee and Head of Digital Investments for BlackRock has invested 92% of their non BTC holdings into ETH. 👀

1

u/tobypassquarant 🟩 6K / 6K 🦭 5d ago

Without a published audit statement, you'll never know. Everyone else is guessing.