BlackRock Surges Ethereum Holdings by $1.5 Billion in Just 20 Days

BlackRock's Ethereum position has grown significantly in recent days, with the investment firm expanding its holdings by $1.5 billion over a 20-day period.

The data from Arkham Intelligence shows that BlackRock's spot Ethereum ETFs have been consistently buying up ETH, with the largest portion of this growth coming from its ETHA fund, which has purchased around $1.27 billion worth of Ethereum during this time.

Additionally, the newer ETHB fund also recorded inflows of approximately $296.5 million worth of ETH over the same period.

This total purchase amount of $1.57 billion is a testament to the sustained demand from investors looking to gain exposure to Ethereum through BlackRock's ETF products.

Notably, despite the price volatility seen during this time, BlackRock's ETHB fund maintained a consistent inflow trend and recorded no single day of outflows over the past 20 days.