BlackRock’s publicly traded Ethereum ETF has quietly amassed more than $1 billion in the digital currency over the last 9 days, with zero net selling in between. The move was highlighted by popular on-chain intelligence platform Arkham on X.
Arkham tweeted:
The sustained interest from BlackRock suggests the major financial institution views it as a core holding rather than a speculative trade. Arkham reported that the asset manager bought ETH at an estimated average acquisition price of around $3,060 per coin.
Why Does BlackRock’s $1 Billion ETH Move Stand Out?
BlackRock’s unbroken buying streak stands out because it shows confidence in the digital asset. In a market dominated by sharp reversals and profit-taking, investing more than a billion dollars in Ether is a major statement by ETHA backers.
The remarkable consistency is especially notable as the cryptocurrency recorded a significant price recovery over the last two weeks, rising more than 28% in that period alone.
 
Here is the recent ETH/USD graph:
The sudden influx of capital into Ethereum appears to be driven by the recent price uptick. However, the absence of any net-selling sessions suggests deliberate accumulation rather than simple opportunistic trading.
Twitterati Respond
X users gave mixed replies to Arkham’s update. One user tweeted:
The user believes BlackRock’s current order book is a little misleading, and speculators need to be careful. The crypto community has been down this path before: the market records an uptick, many inexperienced traders go long on everything, and they eventually lose money in a crash.
Another user tweeted:
The “quiet accumulation phase” refers to buyers who stay under the radar and load up digital assets during a major price squeeze, when no one expects them to buy. These traders are often underrated and benefit a lot from an inevitable price rally.
The Future
Market sentiment is growing that the digital currency market, buoyed by the recent price recovery, is set to extend its gains in the near future. However, the market has a history of deceiving users, so it is important to seek authentic news from credible reporters and on-chain analytics to understand a big move before it happens.
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