June 4, 2025

at

12:00 am

EST

(Updated:

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BlackRock is Buying ETH

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    BlackRock entity on Arkham
    BlackRock entity on Arkham

    BlackRock’s ETH ETF, ETHA, is seeing large inflows this week, alongside outflows from their BTC ETF, IBIT. In this week alone, BlackRock addresses linked to their ETHA product saw more than $100M in ETH transfers, with almost $50M in the past 24 hours alone.

    Inflows to BlackRock’s ETHA
    Inflows to BlackRock’s ETHA

    The steady increase inflows into ETHA comes as IBIT sees heavy outflows from the start of the week. IBIT saw approximately $560M worth in outflows in the last 2 days, marking the first outflows from IBIT since early May.

    Outflows from BlackRock’s IBIT
    Outflows from BlackRock’s IBIT

    The move could be associated with the Ethereum Foundation’s recent restructuring to focus on core goals including scaling the L1, scaling the L2 and improving Ethereum UX. Additionally, the announcement from SharpLink as the first significant ETH treasury company could also have shifted public perception surrounding the asset.

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