BlackRock Accumulates $11.36B in Ethereum Through ETHA ETF

In news that has shaken the cryptocurrency markets, BlackRock has silently accumulated a total of 3 million Ethereum (ETH). The value of their Ethereum holdings comes down to approximately $11.36 billion. The company made it all possible through its Ethereum ETF, ETHA, since July 1, 2025. BlackRock’s Ethereum holdings account for an astounding 2.46% of all Ethereum’s total circulating supply. This is a significant step towards institutional adoption of the digital asset.

BlackRock Amasses $11.36 Billion in Ethereum

The increase in value shows that BlackRock's ETH holdings have grown by more than 70%, which sends a strong message to markets and institutional investors. CEO Larry Fink hasn’t made a statement about the holdings as the sheer acquisition is drawing the attention of the global crypto and financial sectors.

Ethereum’s price has increased from just under $2K to over $3,800 in just one month. This was all fueled by a new wave of institutional demand and renewed investor confidence. The on-chain analytics show sustained capital inflows and heavy ETH transactions from large wallets are tied to institutional funds.

Most notably, BlackRock’s ETHA has overtaken the more popular Bitcoin ETF allocations. This is in terms of capital inflows. All of this hints at a shifting institutional interest towards Ethereum. Crypto analysts believe all of this new attention is due to Ethereum’s enhanced utility that includes DeFi protocols, tokenization infrastructure, and smart contracts.

Analysts have suggested that this institutional momentum has the potential to influence both the pace of technological innovation and the regulatory environment surrounding Ethereum. It is expected that ETH-related Layer 2 solutions, staking platforms, and DeFi ecosystems may also see increased activity and growth.

Bloomberg ETF analyst Eric Balchunas remarked, “Ether ETFs are steadily gaining ground against their Bitcoin counterparts. That said, I still don't expect Ethereum to surpass 20% of the overall crypto ETF market share anytime soon.”

Still, BlackRock's aggressive ETH accumulation strategy represents a defining moment in the crypto landscape. It solidifies Ethereum's place alongside Bitcoin in institutional portfolios, and potentially sets the stage for broader mainstream integration of blockchain-based financial assets.