# ** BlackRock Again Buys Tens of Thousands of Ethereum Worth $88.8 Million**

iShares Ethereum Trust, the spot Ethereum (ETH) exchange-traded funds (ETF) owned by BlackRock, has again purchased 23,870 ETH worth $88.8 million, Tuesday (05/08).

This acquisition occurred as Ethereum ETFs in the United States experienced a net inflow of 19,710 ETH worth $73 million.

This contrasting inflow indicates a shift in investor sentiment, with interest shifting towards Ethereum even as Bitcoin faces outflows.

Purchases by large institutions also highlight the market's focus on Ethereum amid ongoing volatility in the crypto sector.