Hupzy (Spot On Chain)|Aug 28, 2026 21:36
BlackRock's ETHA ETF accumulated $๐ญ.๐ฌ๐ฎ๐ of ETH over 9 days with ๐๐ฒ๐ฟ๐ผ ๐ป๐ฒ๐-๐๐ฒ๐น๐น๐ถ๐ป๐ด ๐ฑ๐ฎ๐๐ โ one of the most sustained institutional ETH buying streaks on record. Estimated average buy price: $3,060 per ETH.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: $1B+ in sustained ETH accumulation by the world's largest asset manager is a strong bullish signal, especially the zero-sell streak. This directly contrasts the hawkish macro backdrop โ institutional buyers are positioning counter-cyclically against Warsh's hawkish Fed and energy-driven inflation shocks.
The systematic accumulation pattern (no selling days across the entire 9-day window) suggests strategic positioning rather than opportunistic dip-buying. For ETH traders, this buying pressure provides a fundamental floor against macro headwinds and strengthens the case for ETH long exposure near $3,060.
https://arkm.com/explorer/entity/blackrock
source: arkham
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