BlackRock accumulates $570 million in Ethereum as futures hit record high

• BlackRock accumulates Ethereum at a steady pace
• Ethereum Futures Hit Record $20 Billion
• Retail Investors Move to ETH Derivatives

BlackRock-associated portfolios have been accumulating Ethereum consistently over the past two weeks, according to data analyzed by the Arkham platform. The strategy adopted by the manager includes daily purchases, which resulted in the acquisition of approximately US$570 million in cryptocurrencies during this period. The movement reinforces the growing institutional interest in Ethereum and indicates a long-term view regarding the potential of the second largest cryptocurrency by market value.

BLACKROCK HAS BOUGHT ETHEREUM FOR 2 WEEKS STRAIGHT

BlackRock has purchased a total of $570M ETH in the past 2 weeks.

They have been buying every day for over 2 weeks straight. pic.twitter.com/9AIyDGecN3

— Arkham (@arkham) June 11, 2025

This behavior occurs at a time when the Ethereum-linked derivatives market is also experiencing strong growth. Information from Glassnode indicates that open interest in ETH futures contracts has reached a new all-time high, surpassing the $20 billion mark. This significant growth occurs even with the price of Ethereum trading below $2.800.

“Open interest in Ethereum futures (cash-margined) just hit a new all-time high — surpassing $20 billion… leverage continues to grow as traders load up using stablecoins,” Glassnode posted on its official account.

The heightened speculative activity was confirmed by analysts at CryptoQuant, who reported an earlier peak of 7,17 million ETH in futures contracts. The new high indicates a continued appetite for leveraged exposure among market participants, especially through cash-margined contracts, which amplify risk and volatility.

In addition to institutional involvement, on-chain data reveals growing participation from retail investors. Even with the Bitcoin network experiencing low activity, there is an increase in the frequency of Ethereum futures trading by retail investors.

“Futures trading frequency among retail investors has just surpassed its 1-year average… the Bitcoin network looks like a ghost town: low on-chain activity and retail volume… while ETH open interest has hit an ATH, and retail trading frequency is increasing,” CryptoQuant highlighted.

The coordinated movement of large institutions such as BlackRock, combined with the increase in the participation of retailers, reinforces the current phase of market concentration around Ethereum.