BlackRock’s spot Bitcoin and Ethereum ETFs accumulated over $1 billion during the first week of May. The firm’s two Ethereum funds, ETHA and ETHB, attracted $175.8 million during the first three trading days of the month.
The iShares Ethereum Trust (ETHA) acted as the primary driver of these inflows. This fund recorded a single-day haul of $69.5 million on May 5.
Institutional capital is increasingly moving into regulated cryptocurrency products. Market observers view these consistent inflows as a stabilizing force and a bullish signal for Ethereum. This activity demonstrates that institutional focus is expanding beyond Bitcoin.