BlackRock has purchased approximately $1.57 billion worth of Ethereum through its spot ETFs over the past 20 days. The ETHA fund accounted for $1.27 billion in inflows while the newer ETHB fund recorded $296.5 million in contributions. The ETHB fund experienced no single day of outflows during this 20-day period despite persistent price volatility. BlackRock now holds approximately 3.56 million ETH, worth about $8.69 billion as of September 17. These massive acquisitions reflect sustained investor demand for Ethereum exposure through BlackRock’s ETF products.
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