BlackRock scoops up over $500 million of this crypto in a week

This week, Ethereum ( ETH ) spot exchange-traded funds ( ETFs ) experienced volatility in capital flows, but BlackRock maintained its position as one of the asset’s biggest buyers. BlackRock’s ETHA fund led the sector with more than $513 million in net inflows, while other major products struggled with sizeable outflows that weighed on the broader ￰0￱ September 15 and 19, BlackRock saw steady investor demand , highlighted by a massive $363.2 million inflow on Monday and an additional $144.3 million on ￰1￱ gains midweek reinforced its ￰2￱ ETF net inflows.) continued to lose assets, dropping $17.5 million combined over the week. Overall, total net inflows into Ethereum spot ETFs reached $47.8 million on September 19, a modest rebound after midweek ￰3￱ strongest day came on September 18, when combined products brought in more than $213 million, largely driven by ￰4￱ transactions by BlackRock and other Ethereum ETF issuers have played a central role in influencing the asset’s price ￰5￱ price analysis Notably, Ethereum has retreated after failing to break above the $5,000 mark in ￰6￱ press time, the second-largest cryptocurrency by market cap was trading at $4,466, down 1.5% over the past 24 hours and more than 4% on the ￰7￱ seven-day price chart.) at $4,278.82 and the 200-day SMA at $2,921.65 highlight a solid long-term uptrend, while the 14-day RSI at 51.51 indicates the asset is neither overbought nor oversold, leaving room for movement in either ￰8￱ image via Shutterstock