BlackRock’s iShares Ethereum Trust has experienced unprecedented institutional investment, surpassing $10 billion in inflows, a record for US-based ETFs. This surge, driven by growing interest from major financial players like Fidelity and Grayscale, is pushing the price of Ethereum to new highs above $4,200. 1. The influx of capital has fueled market activity across the crypto space, with notable whale accumulation adding fuel to the ETH price rally. 2. BlackRock’s ETF launched in July 2023 and has already witnessed record-breaking daily inflows exceeding $640 million on August 11th, bringing the total investment to a staggering $1.019 billion. This marks an unprecedented level of institutional investment in Ethereum. 3. The impact is being felt across various facets of the cryptocurrency market. 4. Analysts believe that the potential SEC decision regarding ETH staking could further boost inflows, while historical patterns show the strength of Ethereum as a driving force for wider crypto market growth.