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Highlights
- BlackRock Ethereum ETF led $383 million inflows yesterday, with total ETH holdings crossing 2 million.
- ETHA’s total inflows have now exceeded $6 billion since inception.
- ETHA share price jumped 5% to $22.5 alongside record trading volumes above $800 million for two consecutive days.
BlackRock Ethereum ETF (ETHA) has scooped a massive 106,827 ETH worth $300 million on Thursday, as ETH price rallies by another 7% to $3,000 in the broader crypto market rally. This is the largest single-day purchase by the asset manager since the launch of ETHA, with BlackRock now holding 2 million ETH in its kitty. As a result, the net inflows across all the US ETF issuers soared to a massive $383 million yesterday. The ETHA share price also shows strength, surging another 5% to $22.5, with record trading volumes in the last two days.
BlackRock Ethereum ETF Inflows Surge Past $6 Billion
BlackRock iShares Ethereum Trust (ETHA) has been on a massive buying spree this week, recording the highest single-day inflows of $300.9 million on July 10. This is nearly 8 times the average inflows since inception, as per the data from Farside Investors. Furthermore, the net inflows since inception for the BlackRock Ethereum ETF have also crossed more than $6 billion. As per the latest report, BlackRock’s Ethereum purchases have outperformed Bitcoin in recent times.
As per the official iShares website, BlackRock Ethereum ETF now holds a massive 2 million Ethereum. Moreover, with the ETH price gaining 15% on the weekly chart to $3,000, the net assets under management for this fund have now reached close to $6 billion.
ETHA Sees Record Trading Volume
Bloomberg ETF strategist Eric Balchunas noted that the iShares Ethereum Trust (ETHA) has posted record trading volumes over the past two days, surpassing $800 million each day. This was more than four times its average. Amid these solid inflows, Donald Trump’s Truth Social has also entered the Ether ETF race.
The surge in volume coincides with a strong rally in Ethereum price, prompting expectations of significant inflows into the ETF in the coming days. “Given the price is also up, [we’ll] probably see some chunky flows next couple days,” Balchunas commented on social platform X.
The ETHA share price shot up by another 5% moving to $22.5 in the after-market hours trading, extending its weekly gains to more than 9%. Despite trading 18% down over the past year, market analysts are turning bullish on ETHA. all eyes are on the SEC to approve staking for Ethereum ETFs, it could trigger greater institutional inflows. This could ultimately drive ETHA share price even higher.
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