BlackRock pours $160M into ETH—largest inflow since February

- Largest Inflow Since February: $160 Million in Ethereum Purchases - Institutional Investors Reevaluate Utility of Smart Contracts [Unblock Media] The world's largest asset management firm, BlackRock, has recorded the largest inflow of Ethereum (ETH) ETF funds in the past four months. As of June 11, BlackRock has purchased approximately $160 million (around 220 billion KRW) worth of Ethereum, representing the highest daily inflow since purchasing $274 million on February 5. This significant purchase implies more than just a numerical value. It serves as evidence that institutional investors are considering Ethereum not just as a short-term volatile asset, but as a long-term store of value and a platform for smart contracts. Market experts suggest that such large-scale institutional inflows can provide psychological stability and increase market confidence. For example, MicroStrategy has continuously purchased Bitcoin since 2020, during which its stock price has surged by over 3000%. Such examples indicate that purchases by large institutions can alter market dynamics beyond simple trading nuances. Ethereum's technological foundation is also receiving renewed attention. Specifically, smart contracts have established themselves as the core infrastructure of decentralized finance (DeFi) and the NFT ecosystem. For instance, Uniswap, a prominent Ethereum-based decentralized exchange, operates automated liquidity pools through smart contracts. Another example is CryptoKitties, a game platform for trading collectible digital NFTs, where all transactions are automatically processed via smart contracts. BlackRock's recent purchase is significant not only for the short-term price fluctuations but also from the perspective of enhancing the fundamentals of the Ethereum ecosystem and restoring institutional confidence. The fact that BlackRock is betting on Ethereum suggests that strong conviction and funds are flowing in even in a market that is still undergoing adjustments.