Ethereum News Today: BlackRock's ETHA ETF Surges With $4.2 Billion July Inflows, Becomes Largest Ether Fund

BlackRock’s spot Ethereum ETF, trading under the ticker ETHA, recorded unprecedented inflows in July 2025, with $4.2 billion flowing into the fund during the month [2]. The inflow elevated the fund to the largest Ether-focused ETF, with over $11.3 billion in assets under management. This contributed to a 19-day consecutive streak of net inflows for U.S. spot Ethereum ETFs, which now hold more than $21.52 billion in total assets [3]. BlackRock’s aggressive accumulation strategy saw it acquire over 3 million ETH—valued at $11.4 billion—by early August, accounting for 2.5% of Ethereum’s circulating supply [1].

The inflows coincided with a 52% price increase for ETH in July, pushing its price above $3,500. This upward momentum fueled broader institutional interest in Ethereum-based investment vehicles, with other spot ETFs also reporting significant inflows. On July 31 alone, BlackRock’s ETHA received a daily inflow of $20.3 million [7], highlighting the growing appeal of Ethereum to institutional investors. The trend reflects an expanding role for crypto-related financial products among large asset managers, with BlackRock’s continued leadership in the space reinforcing this shift [3].

In addition to inflow-driven growth, BlackRock has proposed allowing its Ethereum ETF to stake its holdings, a move that would enable the fund to participate in Ethereum’s proof-of-stake (PoS) consensus mechanism [1]. This aligns with the increasing integration of blockchain technology into traditional financial systems and reflects a rising demand for yield-generating investment strategies. Meanwhile, BlackRock’s Bitcoin ETF, IBIT, saw a $5.2 billion inflow in July [6], further underlining the firm’s strategic push into the digital asset space.

The broader Ethereum ETF market has mirrored this momentum, with total net inflows reaching $5.38 billion since July 3 [5]. Analysts suggest that continued inflows, along with the development of new products like staked ETH ETFs, could play a crucial role in sustaining Ethereum’s positive trajectory. BlackRock’s strategic accumulation and positioning signal a deepening institutional consensus on Ethereum’s long-term value, potentially cementing its role in diversified investment portfolios [1].

This surge in demand for Ethereum-based investment vehicles underscores a broader shift in how institutional capital is being allocated across digital assets. With regulatory and technological landscapes evolving rapidly, the continued inflows into spot Ethereum ETFs are likely to influence both market dynamics and investor sentiment in the months ahead.