The largest financial asset management company in the world made a purchase of 52.8 million dollars from its ETF iShares Ethereum Trust (ETHA).
by Franco Scandizzo May 24, 2025 Reading time: 4 minutes
BlackRock, the world's largest asset manager, took a significant step into the cryptocurrency market by purchasing 52.8 million dollars in ethereum (ETH) through its exchange-traded fund (ETF) iShares Ethereum Trust (ETHA), according to data from the SoSoValue platform.
This operation, which reinforces a growing institutional interest in Ethereum since mid-May, can be observed in the following chart extracted from that same source:
ETHA is an instrument that allows investors to gain exposure to the price of ETH without the need for investors to acquire or manage it directly.
BlackRock, for its part, makes these purchases to back the fund's holdings and meet the demand from investors who buy shares of ETHA. Each share of the ETF represents a fraction of the ether that the fund owns.
BlackRock's acquisition of ETH responds to the need to maintain balance between the issued shares and the underlying value of the fund, ensuring that the ETF price remains aligned with the ether price in the market.
An upward trend in the flows of Ethereum ETFs
The purchase made by BlackRock highlights a remarkable increase in net inflows to ether exchange-traded funds in the United States during the week of May 19 to 23.
During that period, accumulated revenues in those financial products reached nearly 250 million dollars, the highest weekly figure since early February, when more than 400 million dollars were received.
Additionally, from May 15 to the present, Ethereum ETFs in the United States have recorded consecutive positive net inflows, reinforcing institutional interest in ether.
So much so that, in the current fifth month of the year, these ETFs have captured almost 280 million dollars, the highest monthly figure since December 2024, according to SoSoValue.
