#BlackRockETHPurchase

BlackRock has made significant strides in the cryptocurrency space through its iShares Ethereum Trust (ticker: ETHA).

Initial Seed Investment

In May 2024, BlackRock initiated its Ethereum ETF by purchasing 400,000 shares at $25 each, totaling a $10 million seed investment. This move was part of their updated S-1 filing with the U.S. Securities and Exchange Commission (SEC) .

Subsequent Ethereum Acquisition

On February 6, 2025, BlackRock's ETHA fund acquired an additional 3,840 ETH, valued at approximately $10.7 million. This purchase coincided with a period when Ethereum's gas fees dropped below 1 gwei, making transactions more cost-effective .

Regulatory Developments

In May 2025, BlackRock filed an amended S-1 form with the SEC, proposing the inclusion of in-kind creation and redemption mechanisms for its Ethereum ETF. This approach allows authorized participants to exchange ETF shares directly for Ethereum, potentially reducing transaction costs and tax implications .

Ethereum Price Overview

As of June 4, 2025, Ethereum (ETH) is trading at approximately $2,653.39 USD, reflecting a modest increase of 0.013% from the previous close.

BlackRock's continued investments and regulatory advancements underscore its commitment to integrating Ethereum into mainstream financial products, signaling a growing institutional interest in cryptocurrency assets.