June 8, 2025 BlackRock, the world’s biggest asset manager, has reportedly bought $500 million worth of Ethereum (ETH) in just 10 days through its iShares Ethereum Trust (ETHA). This buying activity was shared in recent reports and highlighted by blockchain analytics company Arkham. The big purchases include $73.2 million on June 4 and $34.7 million on June 5, 2025. Because of these buys, BlackRock now holds more than $4.85 billion in Ethereum.
The company has been buying Ethereum for 12 days in a row through its Ethereum ETF. This steady buying shows strong trust in Ethereum’s future, especially as a platform for turning real-world assets into digital tokens, also known as asset tokenization.
This large buying of Ethereum matches what is happening in the wider market. Ethereum ETFs have seen $3.34 billion in new investments over the past few weeks, while Bitcoin ETFs have lost $278 million. BlackRock’s CEO, Larry Fink, has also said positive things about Ethereum’s role in the future of finance, which has helped boost investor confidence. The price of Ethereum has also gone up a lot—from $1,790 to over $2,700 in the last month. That’s a 54% increase. As of June 7, 2025, Ethereum was trading at $2,516.
At the same time, some reports say BlackRock has been changing its crypto portfolio. The company has sold a lot of Bitcoin—around $561 million worth—and is increasing how much Ethereum it owns. This change has made people wonder if BlackRock is making a smart move based on changes in the market. Ethereum ETFs are getting more money, while Bitcoin ETFs are losing it. Some posts on X (formerly Twitter) suggest BlackRock’s move might be linked to rumors about a possible approval of an Ethereum staking ETF. But these rumors have not been confirmed.
Some people are unsure about the reported $500 million figure. They say the amount might be wrong or not clear because the single transaction numbers—like $50 million to $73 million—don’t fully add up to $500 million. This could mean the reports are using rounded numbers or combining different data. Also, there are still risks, like market ups and downs and regulatory issues, that make large crypto investments tricky.
Still, BlackRock’s big purchases of Ethereum show that major institutions are becoming more interested in digital assets. This could have a big impact on the market and how other investors feel about Ethereum and crypto in general.
Note: This article is for informational purposes only and is not financial advice.
👉 What to read next?
