BlackRock just spent over $300 million buying this crypto

The world’s largest investment firm, BlackRock , continues to flex its muscle in the cryptocurrency space through the steady accumulation of assets via spot exchange-traded funds ( ETFs ). To this end, data indicates that the company poured $314.9 million into its Ethereum spot ETF (ETHA) on August 25, marking one of the biggest single-day inflows since trading ￰0￱ move was part of a broader buying spree across multiple ￰1￱ instance, Fidelity attracted $87.4 million, Bitwise added $9.7 million, while Grayscale’s ETH fund recorded $53.3 million in net inflows despite a $29.2 million outflow from its ETHE ￰2￱ and 21Shares also posted smaller gains of $2.2 million and $5.6 million, ￰3￱ total, Ethereum spot ETFs drew $443.9 million in fresh capital on ￰4￱ August 25 surge wasn’t an isolated ￰5￱ days earlier, on August 22, BlackRock recorded another $109.4 million inflow, while Fidelity pulled in $117.9 million and Bitwise added $36.3 million, bringing the day’s total to $337.7 ￰6￱ ETF net inflow.