BlackRock Increases Ethereum Holdings Amid Rising ETF Inflows and Staking Optimism

Key Points

1. BlackRock purchased 307,461 ETH worth $1.11 billion over two days, bringing its total holdings to 2.46 million ETH valued at $8.9 billion.

2. The iShares Ethereum ETF recorded its strongest weekly inflow of $546.7 million, outpacing Bitcoin ETF inflows by $50 million.

3. Ethereum's price surged to $3,624, marking a 46% increase over the past month, driven by institutional interest and staking potential.

4. Nasdaq’s proposed amendment to permit staking within Ethereum ETFs could further enhance their attractiveness if approved by regulators.

5. Ethereum’s utility, staking rewards, and technical upgrades position it as a compelling asset for diversified portfolios.