The post Ethereum Price Primed To Explode Amid BlackRock’s $53M ETH Bet? appeared on BitcoinEthereumNews.com.

In a much anticipated move, Ethereum price surpassed the $2,700 level for the first time since February, driven by renewed institutional demand. The recent buying pressure comes amid a sharp rise in inflows into Ethereum-based investment products, especially exchange-traded funds (ETFs) in the United States. Institutional Investment Drives Ethereum Price Growth Ethereum price rose nearly 5% in the past 24 hours, trading at $2,736 at press time. Over the past month, ETH has gained 53%, recovering from a steep 45% drop in Q1 2025. Data from SoSoValue indicates that spot Ethereum ETFs in the U.S. have seen $402 million in inflows over the past month. Source: X BlackRock’s iShares Ethereum Trust led the way, receiving $53 million in the last 24 hours. This brought its total inflows to $4.3 billion. Fidelity’s FETH also attracted $25.7 million in inflows in a single day, pushing weekly ETF inflows to $84.6 million, according to Farside Investors. Large-scale ETH purchases by firms like Abraxas Capital further strengthened bullish momentum. Between May 7 and May 21, Abraxas acquired 350,000 ETH worth over $837 million. During the same period, it withdrew 185,000 ETH from exchanges, indicating long-term holding strategy. ETF Staking Proposals and Regulatory Developments The interest to extend Ethereum ETF features with the staking is growing. Certain asset managers such as 21Shares, are waiting for the U.S. Securities and Exchange Commission (SEC) to approve the staking of the Ethereum ETFs they offer. Earlier this month, SEC Commissioner Hester Peirce explained that Ethereum’s proof-of-stake activities, including node operations and validation work, does not qualify as securities. If staking is deemed to be approved, it could spark more institutional investors exposure to ETH which may have an effect on price dynamics. DRW, a trading firm, reportedly invested $150 million in an Ethereum ETF, surpassing its Bitcoin holdings.…

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Filed under: News - @ May 29, 2025 2:25 pm