BlackRock Buys $300M in Ethereum as Crypto ETF Inflows Return

BlackRock has increased its Ethereum holdings after multiple transactions cumulatively worth approximately $300 million. The purchase is another indication institutional demand activity. The shift indicates how large investors are considering Ethereum as a portfolio asset.

Blackrock’s Ethereum Accumulation Points To Renewed Institutional Confidence

Data from Arkham, a blockchain analytics platform, showed that the top asset manager had purchased $314.9 million in Ethereum. The data confirms that BlackRock’s ETF-linked wallets accumulated Ethereum through multiple tranches over the past five days. Transfers from Coinbase Prime hot wallets show repeated deposits of 10,000 ETH, each worth about $46 million at the time, alongside smaller buys including a 2,691 ETH transfer.

Evidence of this increasing interest can be seen in market data. Ethereum spot ETFs saw net inflows of $443.91 million according to SoSoValue records. This was one of the highest daily inflows in recent months and took total assets under management across Ethereum spot ETFs to $28.84 billion.

The BlackRock purchase and fund inflows shows a turnaround after weeks of mixed sentiment and outflows. It also reflects that the professional investors are still highly confident in Ethereum as a long-term investment.

The announcement marks another expansion of BlackRock’s digital asset portfolio. It also confirms the larger trend of financial behemoths increasing their exposure to cryptocurrencies.

If this trend is maintained, Ethereum may experience continuous inflow of capital. This will add to its argument as an asset to be invested in as well as a foundation towards blockchain adoption.

Recently, BlackRock surpassed $90 billion in assets under management and is already a leader among Bitcoin ETFs. Hence, BlackRock’s purchase of Ethereum shows that it remains confident about its potential over the long-term.

Ethereum Rockets above $4,520 as Institutional Inflows Rockets

Ethereum price trades at over $4,520 at press time and today gained a value of 3.40%. The price increased sharply after top institutional funds, such as BlackRock, bought the digital asset. Ethereum began the session trading at around $4,378 before gaining momentum and trading above $4,500 later in the day.

Data from TradingView shows Ethereum has climbed 4.89% in the past week and 20.90% over the past month. On a longer horizon, the cryptocurrency has soared 93.99% in six months and 35.91% year to date. Analysts note that sustained momentum above $4,500 could open the path for further gains. Tom Lee, chairman of BitMine and head of research at Fundstrat, said Ethereum could soon reach $5,500 and finish 2025 between $10,000 and $12,000.