BlackRock's ETHA has seen a net inflow of over 500 million USD over the past 10 days, which is no isolated event. It clearly reflects that institutional capital is accelerating its entry into the Ethereum ecosystem through BlackRock's 'golden channel' on the eve of the listing of the US spot Ethereum ETF. This not only demonstrates the market's trust in the value of Ethereum assets but also highlights BlackRock's strong appeal in leading traditional capital into the crypto market. This trend lays a solid foundation of funds and confidence for the upcoming official trading of the spot Ethereum ETF.