PANews reported on December 12 that according to The Block, data from the crypto data tracking platform Arkham showed that the ETFs under financial giants BlackRock and Fidelity purchased $500 million worth of Ethereum in the past two days. The two companies mainly purchased through the crypto exchange Coinbase or its institutional crypto service platform Coinbase Prime.

According to The Block’s data dashboard, BlackRock’s ETHA and Fidelity’s FETH are the top Ethereum spot ETFs and led all-time high inflows on November 30. On December 10, ETHA and FETH’s trading volumes reached $372.4 million and $103.7 million, respectively.