Ethereum News Today: Ethereum Surges With 256K New Wallets Daily as BlackRock ETF Hits $4B Inflows

Ethereum has seen an unprecedented surge in adoption, with over 256,000 new wallets created in a single day, signaling a significant boost in on-chain activity. This development is closely linked to the performance of BlackRock’s Ethereum ETF, which recorded more than $4 billion in net inflows during July—a record for the month. The rapid growth in address creation mirrors previous surges observed before major price rallies in 2017 and 2021, drawing comparisons to bullish market setups [1].

Network activity is outpacing historical averages, with a sharp increase in daily address creation, suggesting a growing base of users engaging with Ethereum’s decentralized finance (DeFi) and smart contract ecosystems. Analysts have noted that such spikes in on-chain engagement often precede substantial price movements. At the time of the report, Ethereum was trading at $3,643, up 5.30% over the previous 24 hours [1].

The inflows into BlackRock’s iShares Ethereum Trust ETF (ETHA) have played a pivotal role in legitimizing Ethereum as an institutional-grade asset. With over $4 billion in July alone, ETHA has crossed a threshold of credibility and utility within traditional finance. The ETF’s success is expected to accelerate Ethereum’s integration into mainstream investment portfolios, particularly as BlackRock plans to enable staking within the product. This development could further bolster demand, pushing ETH toward key psychological levels such as $4,800 [1].

A notable analyst has forecast that Ethereum could reach $13,000 by the end of 2025, viewing the target as both bold and achievable given current momentum. While such a projection remains speculative, the growing inflows and user adoption provide a strong foundation for upward potential. The market is now closely watching whether the surge in capital and network usage will translate into sustained price appreciation or be absorbed without a material impact on Ethereum’s valuation [1].

The broader implications of the surge suggest a fundamental shift in how crypto is perceived and accessed. Regulated financial institutions are increasingly engaging with the space through products like ETFs, which offer familiar investment structures. This transition could lead to greater market stability and a broader investor base, reinforcing Ethereum’s position as a leading blockchain platform [1].

Source: [1] Ethereum Explodes: 256K New Wallets in a Day as BlackRock’s ETH ETF Smashes $4B Inflows (https://zycrypto.com/ethereum-explodes-256k-new-wallets-in-a-day-as-blackrocks-eth-etf-smashes-4b-inflows/)