BlackRock Bets Big on Ethereum, Price Surges Near 2021 High

Institutional confidence in Ethereum is soaring as BlackRock’s investment activity continues to drive market momentum. Recent data reveals substantial inflows into the asset manager’s iShares Ethereum ETF, reaching a record $857 million amidst heightened volatility. This surge coincides with unprecedented demand for Ethereum ETFs, surpassing $3 billion in net inflows over the past week alone. The robust demand has propelled ETH prices closer to its all-time high of $4,891 set in 2021.