BlackRock has purchased 27,158.86 ETH valued at $100 million on July 21, continuing the trend of institutional accumulation in Ethereum. This acquisition is part of a broader movement in July, with Ethereum purchases surpassing $3 billion. The cryptocurrency saw a record-breaking weekly inflow of $2.12 billion, nearly doubling previous records. The significant inflows suggest a growing institutional preference for Ethereum over Bitcoin, with various institutions, including corporate treasuries, recognizing Ethereum's potential as a digital asset for staking and payments. The sustained buying activity underscores confidence in Ethereum's long-term utility and value.