BlackRock's Ethereum ETF records 12 consecutive days of inflows, totaling 27,846 ETH worth $73 million, raising total holdings to $3.93 billion.
Institutional interest in Ethereum continues to rise with BlackRock and Fidelity ETFs driving over $150 million in recent ETH inflows.
Ethereum forms a breakout pattern, with a key resistance at $3,900; if broken, ETH could surpass $5,000 despite mixed market sentiment.
Institutional adoption of Ethereum (ETH) continues to gain momentum, as BlackRock's Ethereum ETF recorded its twelfth consecutive day of inflows. As of June 5, total inflows into Ethereum ETFs experienced significant growth.
Only BlackRock's iShares Ethereum Trust added 27,846 ETH, raising the fund's holdings to over 1.4 million ETH, with an approximate value of $3.93 billion. This trend demonstrates the growing institutional interest in Ethereum as a valuable digital asset.