BlackRock Resumes Ethereum Buying — Institutional Demand Rebounds Amid Geopolitical Risk

[Steven Allen]

1. BlackRock Reignites ETH Accumulation Strategy
BlackRock, the world’s largest asset manager, has resumed its Ethereum (ETH) purchases, drawing fresh attention from the crypto market. According to blockchain analytics firm Arkham Intel, BlackRock withdrew approximately $11.2 million worth of ETH from Coinbase Prime on June 24.

This move stands in stark contrast to the firm’s prior action just one day earlier, when it moved 9,928 ETH from its ETF wallet back to Coinbase Prime — an action interpreted as profit-taking or portfolio rebalancing. The quick reaccumulation suggests a strategic shift and ongoing long-term confidence in Ethereum.

2. Transfers Linked to Ethereum ETF Wallet
The ETH transactions were executed in two tranches
First transfer: 4,224 ETH (~$10.28 million)
Second transfer: 6,961 ETH (~$16.92 million)

Both transactions were sent from Coinbase Prime’s hot wallet to a wallet linked to BlackRock’s Ethereum ETF (ETHA), signaling that the purchases are part of a structured ETF strategy rather than standard market activity.

3. Institutional Interest Returns Amid Geopolitical Uncertainty
BlackRock’s ETH accumulation comes at a time of heightened geopolitical tension in the Middle East, which appears to be sparking a broader return of institutional interest in digital assets. Traditional finance players expanding crypto exposure during periods of macro uncertainty may indicate renewed trust in digital asset resilience.

4. Ethereum Price Action and Market Implications
Ethereum is currently trading at $2,444, up over 6% in 24 hours, though still down around 2% on a weekly basis. This suggests ongoing short-term volatility, but also reflects sustained long-term demand.

BlackRock’s ETF-related activity underscores growing institutional appetite for Ethereum, which could serve as a catalyst for future price recovery and bullish momentum.

 

[kit_hung]

BlackRock’s return to buying Ethereum is a big sign for the crypto market. On June 24, they removed approximately $11.2 million worth of ETH from Coinbase Prime, marking a strategic shift after moving 9,928 ETH the previous day from an ETF wallet back to the market. The move reflects a long-term belief in Ethereum as a digital asset.

The transfers were made in two tranches, both of which were directed to the BlackRock Ethereum ETF (ETHA) wallet, and not to regular trading. This suggests that they are expanding their investments through institutional strategies, not through market speculation. During a period of political tension in the Middle East, many institutions are increasing their investments in alternative assets such as crypto, and BlackRock seems to be leading the way.

Ethereum is currently trading at around $2,444, up more than 6% in 24 hours. While there is still a lot of volatility throughout the week, institutional actions like BlackRock could fuel a recovery in the market and boost confidence in ETH as a future financial foundation.