Multitrillion dollar investment giant BlackRock has proven it has big plans for Ethereum ($ETH) through its spot ETF product. In just about two days after the iShares Ethereum Trust ETF (ETHA) hit the market, data from Lookonchain said it had amassed a total of 77,000 $ETHworth approximately $277 million.
Following Bitcoin playbook
BlackRock’s renewed interest sprang up only a few years ago, with the investment behemoth now a major spot Bitcoin and Ethereum