BlackRock Buys $500M in Ethereum in Just 10 Days: Report

Ethereum is getting big attention from Wall Street. BlackRock, the world’s largest asset manager, just bought over $500 million worth of Ethereum (ETH) in 10 days, according to Arkham.

📈 What Did BlackRock Buy?

BlackRock made these buys through its iShares Ethereum Trust (ETHA).

  • On June 4, it bought $73.2 million in ETH

  • On June 5, it added $34.7 million more

  • Now, BlackRock holds over $4.85 billion in Ethereum

🏦 Other Big Firms Are Buying Too

BlackRock isn’t alone. Other top companies are buying Ethereum ETFs:

  • Fidelity bought $29.8 million in ETH on June 2 using its FETH ETF

  • U.S. Ethereum ETFs have gained $3.34 billion in net inflows in just 3 weeks

📉 Bitcoin ETFs Are Losing Money

While Ethereum is gaining, Bitcoin ETFs are seeing money flow out:

  • On June 5, Bitcoin ETFs lost $278.4 million

  • Big sellers include ARK Invest, Fidelity, Bitwise, and Grayscale

  • Over 2 weeks, Bitcoin ETF inflows slowed even though the total is still $44.2 billion

🗣️ What BlackRock’s CEO Said

BlackRock CEO Larry Fink shared his thoughts:

“Ethereum and blockchain can grow fast with more trust, better data, and clear rules.”

He compared Ethereum’s growth to how mortgages and high-yield bonds started small but grew with more analytics and market trust.

📊 What’s Next for Ethereum?

Ethereum’s price has jumped:

  • From $1,790 to over $2,700 in 1 month — a 54% rise

  • As of June 7, ETH is trading at $2,516

It’s now forming a Right-Angled Descending Broadening Wedge, a pattern that may lead to big price moves.

Even after a brief drop during the Trump vs. Musk drama, Ethereum bounced back fast.

🚀 Summary

  • BlackRock just spent $500M+ on Ethereum in 10 days

  • Ethereum ETFs are hot — Bitcoin ETFs are cooling

  • CEO Larry Fink says better tools and trust will help crypto grow

  • Ethereum is rising fast and may be ready for another breakout

$ETH

$BTC

$DOGE

#Ethereum #BlackRock #ETH #EthereumETF #LarryFink