Ethereum has once again caught the attention of Wall Street. Global asset management giant BlackRock has accumulated nearly $300 million worth of ETH over the past few days, signaling renewed interest from big investors. This move coincides with a strong rebound in Ethereum exchange-traded fund (ETF) inflows, which helped push ETH prices above the $4,520 mark.
Why BlackRock Is Buying Ethereum
BlackRock, which already leads the market with its Bitcoin ETF products, has now turned its focus toward Ethereum. According to blockchain analytics firm Arkham, the company’s wallets linked to its ETF operations purchased around $314.9 million worth of ETH in multiple transactions.
These transactions were spread across several tranches, including large deposits of 10,000 ETH from Coinbase Prime, each valued at around $46 million, along with smaller purchases. This steady accumulation shows BlackRock’s growing confidence in Ethereum as a long-term asset, not just a speculative bet.
Institutional Confidence Is Returning
The timing of this purchase is important. After weeks of mixed sentiment and outflows, Ethereum ETFs recorded a strong comeback. Data from SoSoValue revealed that Ethereum spot ETFs saw $443.91 million in net inflows in a single day.
This surge brought the total assets under management (AUM) for Ethereum ETFs to $28.84 billion, one of the strongest levels in recent months. For many analysts, this turnaround signals that institutional investors are regaining confidence in Ethereum’s role as both an investment and a foundation for blockchain adoption.
What BlackRock’s Move Means for the Market
BlackRock’s growing Ethereum exposure is more than just a headline—it highlights three important trends:
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Institutional adoption is accelerating: Big players are no longer limiting themselves to Bitcoin. Ethereum is increasingly being recognized as a serious portfolio asset.
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ETFs drive market liquidity: The return of ETF inflows provides liquidity and stability, which often results in stronger price action.
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Long-term commitment: BlackRock’s decision reflects confidence that Ethereum’s ecosystem—smart contracts, DeFi, and staking—has lasting value.
It’s worth remembering that BlackRock now manages more than $90 billion in assets and has already dominated the Bitcoin ETF market. Its foray into Ethereum reinforces the broader trend of traditional finance firms entering crypto.
Ethereum Price Surges Past $4,520
The market responded quickly to BlackRock’s accumulation. Ethereum, which started the day at $4,378, gained momentum throughout the session and climbed above $4,520, a level not seen in weeks.
According to TradingView data, Ethereum has shown strong growth:
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+4.89% in the past week
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+20.90% in the past month
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+93.99% in the past six months
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+35.91% year-to-date
This consistent upward trend suggests Ethereum has strong support. Analysts believe if ETH can hold above $4,500, it may set the stage for bigger gains.
Analyst Predictions: Where Could Ethereum Go Next?
Market experts are growing more bullish. Tom Lee, chairman of BitMine and head of research at Fundstrat, predicts Ethereum could reach $5,500 soon. He also projects ETH could end 2025 between $10,000 and $12,000, especially if institutional demand keeps rising.
While predictions should always be taken with caution, Ethereum’s price momentum and the inflow of institutional capital suggest the rally still has room to grow.
Key Takeaways
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BlackRock has purchased over $300 million in Ethereum through multiple transactions.
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Ethereum ETFs recorded $443.91 million in daily inflows, one of the strongest in recent months.
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ETH price broke above $4,520, showing resilience amid broader market volatility.
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Analysts expect Ethereum could reach $5,500 in the short term, with long-term targets as high as $12,000 by 2025.
Also Read: Why Is XRP Price Still Falling Even After Ripple Lawsuit Win?
FAQs
1. Why did BlackRock buy $300M worth of Ethereum?
BlackRock sees Ethereum as a long-term investment asset. The purchases also align with renewed demand in Ethereum ETFs, showing institutional confidence in ETH’s potential.
2. How high did Ethereum’s price go after the purchase?
Following BlackRock’s transactions and ETF inflows, Ethereum crossed $4,520, marking a significant gain of around 3.4% in a single day.
3. What role do ETFs play in Ethereum’s price?
Ethereum spot ETFs provide liquidity and attract institutional money. Large inflows, like the recent $443.91 million, often lead to stronger price performance.
4. Is Ethereum becoming as popular as Bitcoin among institutions?
Yes. While Bitcoin remains the top institutional crypto asset, Ethereum is increasingly seen as valuable due to its smart contracts, DeFi ecosystem, and staking features.
5. What are analysts predicting for Ethereum’s future price?
Analysts like Tom Lee suggest Ethereum could hit $5,500 soon and possibly trade between $10,000 and $12,000 by 2025 if institutional inflows continue.