BlackRock Ethereum ETF Sees Massive Inflows, Signaling Institutional Trust

BlackRock’s Ethereum exchange-traded fund (ETF) has experienced a dramatic surge in inflows, accumulating nearly $576 million over the past two weeks. This significant influx reflects growing institutional interest in Ethereum and marks BlackRock’s continued leadership in the ETF space. 📈 💰 Ethereum’s exchange balances are now at seven-year lows, indicating a shift away from short-term trading towards long-term investments. 📉 While Bitcoin ETFs have seen outflows, Ethereum has attracted a significant influx of institutional capital.