BlackRock Nets $250M in ETH as Ethereum Market Remains Volatile

Asset manager BlackRock has continued to attract investments in its Ethereum ETF (ETHA), buying $251.4 million worth of Ethereum over the past 20 trading days.

This is a significant influx of capital, with ETHA adding around $13.9 million more in recent trades, according to data from U.Today.

Ethereum has been trading sideways in recent weeks without a clear direction, causing overall flows into Ethereum ETFs to remain weak.

However, BlackRock's consistency in attracting money over the past month has helped it maintain a relative edge in the Ethereum ETF market.