BlackRock’s iShares Ethereum Trust Surpasses 2 Million ETH, Reflecting 17% Weekly Gain

BlackRock’s iShares Ethereum Trust (ETHA) has surpassed 2 million ETH, with its total holdings now exceeding $5.5 billion. This significant milestone reflects a substantial surge in institutional interest, as the fund now controls over 1.65 percent of Ethereum’s total supply. The rapid accumulation of ETH by ETHA indicates a growing portion of Ethereum’s circulating supply is being moved into institutional hands, which can affect the overall liquidity and trading behavior of the asset.

As of July 13, ETHA’s holdings reached 2,001,081 ETH, following a week of massive inflows. The ETF saw over $900 million enter the fund in the past seven days, marking its strongest week since launch. Notably, three of its top ten most significant single-day inflows occurred within this period. This influx of capital has driven ETHA’s price and volume to record-breaking levels, with the fund ending Friday at $22.80, almost 17 percent above Monday’s opening at $19.36. The fund also increased in volume as it penetrated short-term resistance levels.

The total assets under management in the U.S. spot Ethereum ETFs are now around $13.5 billion. Combined, these funds represent nearly 3.8 percent of Ethereum’s market capitalization, with BlackRock leading ahead of other major players. The rapid growth of ETF assets implies sustained strategic allocation rather than active trading, signaling a more profound shift in how the asset is being held and valued. Institutional involvement in Ethereum is gaining pace, with BlackRock being a key driver of this trend.

Overall, inflows representing U.S. spot Ethereum ETFs have exceeded $5.3 billion. These inflows are gaining momentum as institutions increase their long-term holdings in the digital asset. Traders and analysts are keenly following these surges, as supply becomes tighter and circumstances in the markets change. Institutional forces are altering the pricing nature of Ethereum and its liquidity environment as inflows of ETFs continue to increase. BlackRock’s ETHA crossing the 2 million ETH mark is more than just a milestone; it underlines the growing role of ETFs in Ethereum’s market structure and signals a more profound shift in how the asset is being held and valued.