COINOTAG News reports that LookIntoChain revealed significant inflows into BlackRock’s Ethereum spot ETF (ETHA), with an accumulation of 214,000 ETH since May 11th. This acquisition, valued at around $560 million, underscores growing institutional interest in Ethereum assets. Throughout this timeframe, ETH price has remained relatively stable, trading within a consolidation band between $2,500 and $2,700. The steady accumulation by a major asset manager like BlackRock highlights a strategic positioning amid current market conditions, reflecting confidence in Ethereum’s long-term value proposition. This data provides valuable insight for investors monitoring institutional activity and market dynamics in the crypto sector.
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