BlackRock Deepens Ethereum Accumulation with Over $492 Million Investment

Investment giant BlackRock has made significant strides in building up its Ethereum holdings, adding a staggering $492 million to its investment over the past 12 trading days. This move comes as the firm’s iShares Ethereum Trust (ETHA) continues to expand its holdings across multiple trading sessions. BlackRock’s recent activity is indicative of a strategic accumulation strategy in response to the growing DeFi landscape and institutional interest in ETH.