<ul><li>BlackRock has accumulated over 214,000 ETH worth approximately $560 million, signaling increased institutional interest in Ethereum.</li><li>The iShares Ethereum Trust (ETHA) has been attracting sustained inflows with significant contributions from BlackRock, marking 12 consecutive days of positive ETH-based fund inflows.</li><li>BlackRock's Bitcoin ETF experienced outflows while Ethereum's ETF momentum remained strong, indicating a preference for ETH investments over BTC.</li><li>On-chain data and technical analysis suggest that Ethereum is in a range-bound phase with potential support at $2,660 and resistance at $2,856, indicating a strategic long-term commitment by institutional investors.</li></ul>

Ethereum ETF Holdings Spike as BlackRock Snaps Up $560 Million in ETH

Discover more