#BlackRockETHPurchase

BlackRock has significantly increased its Ethereum (ETH) holdings through its iShares Ethereum Trust ETF (ETHA), with notable purchases in recent months. On May 20-24, 2025, BlackRock acquired 47,499.79 ETH worth approximately $123.7 million, as reported by various sources on X. Earlier in 2025, BlackRock purchased $276.16 million worth of ETH on February 4, bringing its total holdings to 1,352,934 ETH, valued at around $3.71 billion. Additionally, in December 2024, BlackRock and Fidelity together bought over $500 million in ETH through their ETFs over 48 hours, with BlackRock's ETHA seeing $372.4 million in inflows on December 10 alone.

These moves reflect growing institutional confidence in Ethereum, driven by its role in decentralized finance (DeFi) and smart contracts, despite market volatility and regulatory uncertainties. BlackRock’s ETHA, launched after SEC approval of spot Ethereum ETFs in May 2024, is a key vehicle for these investments, offering exposure to ETH without direct ownership. The firm’s total Ethereum holdings through its BUIDL fund also surpassed $1.145 billion by March 2025. However, some market skepticism persists, with Ethereum’s price struggling to break resistance levels, trading around $2,000-$2,800 recently.

Posts on X highlight bullish sentiment, with some predicting an altcoin season driven by these institutional buys, though these claims should be treated as speculative and not conclusive evidence. Always consider the high risk and volatility of crypto investments, as noted in BlackRock’s own ETF disclosures. For further details on BlackRock’s crypto strategy, check their official site or SEC filings.