Asset management giant BlackRock has continued to accumulate Ethereum despite the cryptocurrency's sideways trading and recent price correction. According to onchain data from Arkham Intelligence, BlackRock’s Ethereum ETF, ETHA, purchased approximately $13.9 million worth of ETH during its latest trading session on September 11, 2026, bringing the fund’s total Ethereum purchases over the past 20 trading days to $251.4 million.
The fund has now recorded 20 consecutive trading days without outflows, maintaining a steady inflow streak even as Ethereum’s price action remained mixed. This resilience stands in contrast to the broader Ethereum ETF market, where momentum has been relatively weak amid persisting market uncertainty.
While BlackRock’s ETHA continued to attract institutional capital, other major Ethereum funds faced withdrawals during the same period. The report specifically noted that Fidelity’s FETH and other Ethereum ETFs recorded notable outflows, suggesting that institutions are currently showing more confidence in BlackRock’s investment product than in competing funds.
The data highlights BlackRock’s growing dominance in both the Bitcoin and Ethereum ETF markets, with institutional demand for ETH remaining concentrated in its offering even as downside pressure affected rival products.
