BlackRock's ETH ETF sees record inflows, mirroring bullish ETH sentiment. Will ETH hit $3,000?
BlackRock's Ethereum ETF: Inflows Surge as ETH Eyes $3,000
BlackRock's Ethereum ETF (ETHA) is making waves with massive inflows, reflecting a broader bullish trend for ETH. Is this the push ETH needs to break through the $3,000 barrier?
BlackRock Ethereum ETF Dominates
BlackRock's iShares Ethereum Trust (ETHA) is leading the charge, attracting the most inflows. Since its inception, ETHA has amassed nearly $6 billion. Following recent inflows, its net assets under management have surpassed $5 billion. On July 9, 2025, ETHA saw a net flow of 57,801 ETH ($153.87 million), marking its highest volume traded since inception, with a trading volume of $0.9 billion.
The ETHA share price jumped over 6%, reaching $20.97. Trading volumes have been steadily increasing, with the 30-day average hitting a record 18.83 million, up from 12.97 million in early June.
Overall Ethereum ETF Market Growth
The entire spot Ethereum ETF market is experiencing healthy growth, with collective inflows across all US ETF issuers exceeding $4.7 billion. The buzz around potential staking features in Ethereum ETFs is also growing, with major players like CBOE advocating for it.
ETH Price Rally and Whale Activity
ETH has gained 7% recently, approaching $2,800 and targeting a $3,000 breakout. This rally coincided with a 77% increase in daily trading volume, surpassing $31 billion. ETH futures open interest has surged over 13% to $41.1 billion, signaling strong bullish sentiment. Whales have purchased a staggering 127,971 ETH, with notable contributions from SharpLink Gaming and Abraxas Capital.
Institutional Demand Fuels the Surge
BlackRock’s ETH ETF is now the top ETH-backed ETF by market cap, holding over 1.83 million ETH. Investor appetite is clearly on the rise, with over $320 million flowing into Ethereum ETFs since July 7.
Why the Bullish Outlook for Ethereum?
The recent price surge is fueled by surging institutional demand via spot Ether ETFs like BlackRock’s ETHA. Reduced circulating supply due to staking and token burns, coupled with positive macroeconomic conditions, also play a role. High institutional demand, record ETF inflows, rising trading volumes, and a breakout above the $2,750 resistance zone all point to a potential rally.
Final Thoughts
So, is ETH gearing up for a major breakout? The data certainly suggests so! With BlackRock leading the charge and whales jumping in, it feels like everyone's invited to the ETH party. Just remember to bring your dancing shoes... and maybe a little ETH, just in case! 😉
