🟣 BlackRock Ramps Up Crypto Buying

- This week, BlackRock bought $2.31B worth of Ethereum (ETH) and $887M of Bitcoin (BTC), based on blockchain data.

- One major trade: 74,385 ETH (~$330.5M) purchased.

- Another move: 92,899 ETH (~$412M) withdrawn from Kraken by institutional wallets.

📊 Ethereum ETFs See Record Inflows

- U.S. spot Ethereum ETFs had their best week ever, pulling in $2.85B (week ending 16 Aug).

- That’s nearly double the inflows from Jan–June combined.

- On 15 Aug, the ETHA ETF alone attracted $338.1M, though the overall Ethereum ETF group saw a net outflow of $59.3M—its first after 8 days of gains totaling $3.7B.

🔥 ETF Trading Volume Hits $40B

- Spot BTC and ETH ETFs saw $40B in weekly trading volume, a new record.

- Analysts say BlackRock’s shift toward ETH and the ETF boom show growing interest in Ethereum—driven by upcoming product launches and tech upgrades.

#BlackRock #Ethereum #ETH #bitcoin #BTC $BTC $ETH $SOL