In the past month, the company acquired 267,214 ETH worth approximately $673 million. These purchases are part of the iShares Ethereum Trust (ETHA), which as of January 26, 2025, managed assets worth over $3.97 billion, a significant portion of which was received in recent weeks.
According to data from Arkham Intelligence, BlackRock and Fidelity acquired Ethereum worth $500 million in just two days in December 2024. These purchases were made through the Coinbase Prime platform and highlight the growing interest of institutional investors in Ethereum.
BlackRock CEO Larry Fink previously noted that he sees value in a spot ETF based on Ethereum, viewing it as an asset class similar to gold. This confirms the company's strategic approach to long-term investments in Ethereum.
Such actions by BlackRock could have a significant impact on the Ethereum market, fostering institutional interest and strengthening ETH's position as a core asset in the cryptocurrency ecosystem.