Key takeaways
- BlackRock clients purchased approximately $111 million worth of Ethereum on October 22.
- The buildup reflects a broader trend among major asset managers integrating digital assets like Ethereum through ETFs and other investment products.
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BlackRock clients bought around $111 million worth of Ethereum today, as the asset management giant continues to build institutional exposure to the second-largest crypto asset.
BlackRock clients have been actively trading Ethereum through the firm’s ETF products in recent weeks, with both inflows and outflows reflecting shifting institutional sentiment.
Ethereum has seen increasing adoption in tokenization applications and decentralized finance use cases. The approval of ETH spot and futures ETFs has opened a path for institutional flows and greater access to the asset.
