BlackRock buys more than $50 million in ETH, institutions' focus on the Ethereum ecosystem is rising.

On July 18, a cryptocurrency data analysis platform posted on social media that BlackRock (Spot ETF) recently purchased Ethereum (ETH) for an amount of 547 million USD, surpassing its Bitcoin (BTC) inflow size of 497 million USD, with a difference of 50 million USD between the two.

If calculated by market capitalization weight, its ETF currently allocates more than 5 times to ETH than to BTC. This difference highlights the increasing attention institutional investors are paying to the Ethereum ecosystem.

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