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BlackRock Buys $500M in $ETH, Institutions Shift Toward Crypto
The cryptocurrency market is abuzz following a report from Arkham that BlackRock, the global investment giant, has acquired $500 million worth of Ethereum (ETH) over the past 10 days. The revelation, detailed in a post on X, highlights a significant influx into BlackRock’s Ethereum ETF (ETHA). The ETF has seen 9 consecutive days of inflows totaling over $492 million. This aggressive move comes after the firm’s earlier foray into Bitcoin, marking a strategic pivot toward Ethereum as a cornerstone of its digital asset portfolio
