BlackRock’s Ethereum Trust (ETHA) has exceeded 3 million ETH in holdings, valued at approximately $11.1 billion, fueled by robust institutional demand and regulatory tailwinds. The recent U.S. Securities and Exchange Commission (SEC) approval of in-kind redemptions catalyzed significant capital inflows into the fund.
The ETF accumulated 1.23 million ETH throughout July, including a single-day record of 59,309 ETH on July 29, pushing its assets under management past the $11 billion threshold. The SEC’s in-kind redemption mechanism notably accelerated investor participation, with ETHA experiencing a $223 million daily inflow that enhanced market liquidity and confidence.
ETHA’s trading volume exceeded $1.1 billion in July alongside a share price surge exceeding 50%, nearing the $30 level. This momentum reflects broader market shifts, with Ethereum ETFs collectively increasing their market share from 10% to 13% over two months while Bitcoin ETFs simultaneously declined from 90% to 82%.
BlackRock maintains dominance in the Ether ETF sector, attracting the majority of new institutional capital entering the space. The fund’s growth underscores deepening institutional engagement with cryptocurrency investment vehicles approved under enhanced regulatory frameworks.