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Crypto

BlackRock Buys Up $250M of Ethereum Despite Market Woes

Guavy AI Editorial Team
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ETH ARKM
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BlackRock's Ethereum ETF (ETHA) has continued to attract significant capital despite the recent price correction in the Ethereum market.

According to onchain data from Arkham Intelligence, BlackRock bought $13.9 million worth of ETH during its latest trading session, bringing the fund's total Ethereum purchases over the past 20 trading days to a substantial $251.4 million.

This strong performance by the BlackRock Ethereum ETF stands out amidst market uncertainty, as other Ethereum funds have experienced notable withdrawals during the same period.

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