BlackRock has invested over $160 million in Ethereum in the last three days

BlackRock, along with other global asset managers, is intensifying its purchases of Ethereum through spot ETFs, consolidating institutional interest in the cryptocurrency as a strategic financial asset.

The world's largest asset manager, BlackRock, has carried out a $164,3 million investment in Ethereum, the second most capitalized cryptocurrency in the market, between October 27 and 29. 

These ETH purchase transactions were carried out through its publicly traded investment vehicle, iShares Ethereum Trust (ETH), which tracks the price of this cryptocurrency in the spot market and which currently represents the main ETF of this digital asset. 

Meanwhile, other major asset management firms such as Fidelity and Grayscale have also made significant purchases of ETH in recent days, reinforcing a trend of strategic accumulation by traditional fund managers. 

According to experts, the recent Ethereum purchases reinforce the position of giants like BlackRock as key players in the institutional adoption of Ethereum, as well as the cryptocurrency itself, which is further consolidating its position as the leading platform for the development and execution of smart contracts, decentralized applications, and tokenized financial services.

BlackRock, Fidelity and Grayscale lead Ethereum ETF purchases

The data Data from the Farside Investors platform reveals a sustained institutional accumulation trend in Ethereum during the last days of October. BlackRock has carried out consecutive purchases of ETH for three consecutive days, consolidating a total investment of $164,3 million through ETHA, while Fidelity and Grayscale have also intensified their purchases of the cryptocurrency, according to the data consulted. 

Fidelity, for example, acquired over $110 million worth of ETH in just two days, while Grayscale, despite having liquidated some of its positions in previous weeks, has resumed selective purchases, adding $80 million in ETH. This capital rotation among asset managers reflects a structural shift in preference for spot products versus traditional crypto exposure vehicles.

Farside's ETF flow chart shows that October 27, 28, and 29 saw positive net inflows for the BlackRock ETF, while Fidelity and Grayscale also reported inflows, albeit more moderate. Experts believe this pattern suggests a synchronized accumulation strategy among major asset managers, possibly anticipating a more favorable macroeconomic environment for risk assets following interest rate cuts in the United States and other major economies, such as Canada.  

Macro context: Fed rate cuts and expectations of further stimulus

The Federal Reserve's recent monetary policy meeting, held on October 29, culminated in another 25-basis-point cut to the benchmark interest rate, bringing the target range to between 3,75% and 4,00%. Although Fed Chairman Jerome Powell adopted a dovish tone in his remarks, avoiding any commitment to future cuts, markets interpreted his words as hinting at further expansionary measures in December.

BlackRock, in its internal analysis, maintains that there is no sound macroeconomic argument for pausing rate cuts and anticipates that the Fed could announce at least one more rate cut before the end of the year, especially if inflation and employment indicators continue to show signs of slowing. This expectation has been key in justifying its recent purchases of risk assets, including Ethereum and Bitcoin.

Ethereum's price, which was trading near $4.200 before the Fed meeting, has retreated to $3.700, reflecting the typical volatility during periods of monetary tightening. However, institutional accumulation suggests that large funds see this level as an entry opportunity, anticipating a rally should the Fed confirm further stimulus in December.

In this environment, Ethereum is consolidating its position as a strategic asset not only for its appreciation potential but also for its structural role in the digital financial infrastructure. The convergence of expansionary monetary policy and institutional accumulation could mark the beginning of a new bullish cycle for ETH, especially if the narrative of sustained price cuts for the remainder of 2025 is confirmed.