BlackRock just made its biggest move with Ethereum (ETH) to date, snapping up $499.2 million worth of ETH in a single day. This is a new all-time high for daily ETH accumulation by the asset giant. Arkham captured the purchase on-chain and now pegs BlackRock’s Ethereum holdings at over $7 billion, representing more than two million ETH.
This record-breaking deal aligns with a huge increase in demand for BlackRock’s Ethereum ETF and iShares Ethereum Trust (ETHA). On July 16 alone, ETHA received $499.25 million in net inflows. ETHA’s net assets have since grown to $7.73 billion.
The ETF's price followed suit. ETHA jumped 11.19% on July 16 to close at $25.63, as shown on the latest chart. This marked its highest daily percentage gain in months.
This is not a one-time spike - it is part of a fast rise that has boosted ETHA almost 90% from its low point in April. The recent breakout has helped ETHA get back within reach of its late-2024 highs, which has led to optimism that institutional interest in Ethereum is switching from passive exposure to active accumulation.
In the meantime, BlackRock's crypto portfolio keeps growing, with assets reaching almost $92 billion. Bitcoin is still the leader with $84.98 billion, but ETH is gaining ground quickly, especially as Ethereum-based products are bringing new money into the space.
As of July 16, a total of $726.7 million flowed into all U.S. spot ETH ETFs in just one day, pushing the total amount invested past $6.4 billion. BTC may still lead in raw numbers, but the big institutional move toward ETH - which BlackRock's buy and ETHA's price action show - is getting harder to ignore.
Ethereum's institutional era seems to be accelerating.
Vladislav Sopov
U.Today Editorial Team