BlackRock’s iShares Ethereum Trust has surged to hold over 3 million Ethereum (ETH), valued at approximately $11.4 billion. This significant accumulation represents 2.5% of Ethereum’s total circulating supply, highlighting institutional adoption trends.
Over 60% of BlackRock’s current ETH holdings were acquired during aggressive purchasing activity last month, marking the firm’s most intensive accumulation phase. This move coincides with Ethereum’s 52% price surge, which propelled ETH above the $3,500 threshold and amplified institutional demand.
The sustained buildup by the asset management giant demonstrates robust institutional confidence in Ethereum despite broader market volatility. It reflects growing acceptance of spot Ethereum ETFs as mainstream investment vehicles, cementing Ethereum’s position in traditional finance portfolios.