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Ether (ETH) trades at $1,870.83, up 0.15% on the day, per TradingView data.
The daily candle opened at $1,868.07, reached a high of $1,876.30, dipped to a low of $1,859.78, and closed at $1,870.83, holding a range that has tightened around $1,860-$1,876 through the week.
BlackRock launched 12 tokenized share classes across six existing UCITS money market funds in Europe on Aug. 4, 2026, minted on the Ethereum blockchain via Kinexys, J.P. Morgan’s tokenization platform, covering a combined $311 billion in assets under management (AUM) across 15 markets.
News: BlackRock brings its European money market funds onto Ethereum.
BlackRock is tokenizing share classes of its European Institutional Cash Series money market funds, representing $311 billion in assets as of June 30.
The onchain share classes are issued on @ethereum in… pic.twitter.com/SiuSz4q5Ei
— Ethereum Institutional (@ethereuminsti) August 4, 2026
Hannah Winter, head of digital cash at BlackRock, said the funds “allow us to bring high-quality, short-duration investment exposures into digital formats, while maintaining the same standards around capital preservation, liquidity, and risk management.”
Olivia Vande Woude, head of tokenization at Ava Labs, said the UCITS structure makes this approach “repeatable”: a single fund can carry multiple share classes without requiring a new portfolio, new seed capital, or a full fund authorization since existing service providers, custody, and compliance frameworks carry over.
BlackRock has launched 12 tokenized share classes on 6 existing UCITS money market funds in Europe, built with J.P. Morgan's Kinexys platform. None of these are new funds.
Why this approach has been repeatable: under UCITS, a single fund holds 1 common pool of assets & follows 1… https://t.co/HnSde153fh
— Olivia Vande Woude (@cryptoreine) August 4, 2026
Unlike the stablecoin-reserve funds BlackRock launched in the US this week, this European rollout targets corporate treasurers already using money market funds for operating cash, with tokenization added on top of existing scale rather than built as a new product from scratch.
The new share classes span EUR, GBP, and USD across public debt and low-volatility net-asset-value structures, with the official shareholder register still maintained through each fund’s transfer agent. In contrast, token transfers move between approved investor wallets on Ethereum through smart contracts.
Of the 14 moving averages (MA) TradingView tracks for ETH, the price now sits above six: the 20-day exponential moving average (EMA) ($1,868.28), the 30-day EMA ($1,854.63), the 30-day simple moving average (SMA) ($1,860.27), the 50-day EMA ($1,850.54), the 50-day SMA ($1,786.37), and the Hull MA ($1,859.74).
The price remains below the 10-day EMA ($1,876.10), the 10-day SMA ($1,882.00), the 20-day SMA ($1,886.02), the 100-day EMA ($1,923.77), the 100-day SMA ($1,916.73), the 200-day EMA ($2,154.09), and the 200-day SMA ($2,073.77).
Bull Bear Power at -15.81 gives an upward signal, a split that echoes the mixed MA stack above it. The classic pivot point sits at $1,796.13, well below the spot price, with resistance at R1 $2,041.29 and support at S1 $1,615.73.
ETH has closed the MA gap from four reclaimed averages to six since our last check, with the 10-day EMA at $1,876.10 now the immediate ceiling. A close above it opens room toward the 100-day averages near $1,917-$1,924.
BlackRock’s tokenization push adds an institutional-adoption backdrop rather than a direct price catalyst, and whether more of its fund AUM follows the same Ethereum-based template is the detail worth tracking alongside the chart.
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