The cryptocurrency world is buzzing with Ethereum news today as BlackRock’s iShares Ethereum Trust (ETHA) smashes through the 3 million ETH milestone. With assets under management now exceeding $11.1 billion, this explosive growth signals a seismic shift in institutional adoption of Ethereum. What’s driving this unprecedented surge, and what does it mean for the future of crypto investments?
BlackRock ETHA: A New Giant in Ethereum Investment
BlackRock’s ETHA has become a dominant force in Ethereum investment, adding 1.23 million ETH during July alone. The fund’s latest acquisition of 59,309 ETH on July 29 pushed its total holdings past the 3 million ETH mark. This rapid accumulation demonstrates:
- Growing institutional confidence in Ethereum’s long-term value
- The impact of SEC policy changes on crypto investment vehicles
- Ethereum’s increasing share of the crypto ETF market
SEC Policy Changes Fuel Ethereum ETF Boom
The U.S. Securities and Exchange Commission’s approval of in-kind redemptions for Ethereum ETFs has created a perfect storm of institutional investment. ETHA recorded $223 million in inflows on a single day in late July – more than all other Ethereum ETFs combined that day. Key developments include:
| Metric | Value |
|---|---|
| Total ETHA AUM | $11.1 billion |
| July Inflows | $1.1 billion |
| Share Price Increase | 50%+ in July |
Institutional Interest in Ethereum Reaches New Highs
Bloomberg ETF analyst Eric Balchunas notes Ethereum’s share of the crypto ETF market has grown to 13%, while Bitcoin’s dominance fell from 90% to 82%. While Ethereum ETFs may not surpass 20% of total crypto ETF AUM, ETHA continues to capture the lion’s share of new capital entering the Ether ETF space.
The Future: Ethereum Staking in ETFs?
The SEC is currently considering a proposal to allow staking within the ETHA structure. If approved, this could:
- Provide additional yield for ETF investors
- Further increase Ethereum’s attractiveness to institutions
- Potentially drive even greater inflows into ETHA
A decision is expected by year-end, creating another potential catalyst for Ethereum investment.
Conclusion: A Watershed Moment for Ethereum
BlackRock’s ETHA crossing the 3 million ETH threshold represents a pivotal moment in cryptocurrency adoption. With SEC policies creating favorable conditions and institutional interest growing exponentially, Ethereum is proving its staying power beyond just being “the other crypto” after Bitcoin.
Frequently Asked Questions
Q: How much ETH does BlackRock’s ETHA currently hold?
A: As of late July 2025, ETHA holds over 3 million ETH, with 1.23 million added in July alone.
Q: What’s driving the growth of Ethereum ETFs?
A: SEC approval of in-kind redemptions and growing institutional confidence are the primary drivers.
Q: How does ETHA’s performance compare to other Ethereum ETFs?
A: ETHA accounted for more inflows than all other Ethereum ETFs combined on its peak day in July.
Q: Could Ethereum ETFs eventually rival Bitcoin ETFs?
A: While Ethereum’s market share is growing, analysts don’t expect it to surpass 20% of total crypto ETF AUM.
Q: What would SEC approval of staking mean for ETHA?
A: It would allow the fund to earn yield on held ETH, potentially increasing returns for investors.
