In a significant move, BlackRock and Fidelity have invested over $500 million in Ethereum (ETH) through their ETFs, following the SEC's approval of spot Ethereum ETFs. This surge has driven ETH's price to $3,974, reflecting strong institutional interest, with BlackRock's iShares Ethereum Trust ETF leading with $2.93 billion in inflows.Both firms are expanding their presence in the cryptocurrency market, with BlackRock seeking approval for spot trading options for its Ether ETFs. This trend indicates a growing acceptance of digital assets in traditional finance, potentially paving the way for mainstream adoption.