Blackrock Accumulates $492 Million in Ethereum in 9 Days

ETHA Inflows Hit Record High

According to data from Farside Investors, BlackRock’s ETHA fund has attracted over $492 million in inflows over nine consecutive trading days through June 6, 2025. On December 5, 2024 alone, ETHA saw a record $295.7 million in inflows, accounting for the majority of the $431.5 million in inflows from U.S. spot Ethereum ETFs on that day. ETHA has seen total inflows of $3.7 billion to date, managing over 1.5 million ETH with an asset value of around $3.7 billion. ETHA’s stock price has also increased by 40% over the past month, although it is still down 25% year-to-date.

The growth comes as U.S.-based Ethereum ETFs recorded 14 consecutive days of inflows, totaling more than $800 million, according to ETF Store. BlackRock led the way, followed by Fidelity Ethereum Fund (FETH) with $259 million in the week of December 9-13, 2024.

The Rise of Ethereum ETFs

Launched on July 23, 2024, BlackRock’s ETHA quickly became one of the most successful spot Ethereum ETFs, reaching $1 billion in inflows in just three weeks. This contrasts with BlackRock’s iShares Bitcoin Trust (IBIT), which reached the same milestone in just four days, but still underscores Ethereum’s appeal to institutional investors. According to BlackRock, ETHA provides investors with access to Ethereum through a traditional brokerage account, eliminating barriers such as wallet storage and high transaction costs.

The event comes amid a strong recovery in the cryptocurrency market. The price of Ethereum (ETH) rose to around $3,965 on December 16, 2024, up 1.8% in 24 hours, according to Wu Blockchain. Analysts link the trend to positive sentiment after Donald Trump became the 47th President of the United States, who is considered to be friendly to cryptocurrencies. In addition, interest in tokenizing traditional assets on the Ethereum blockchain is also boosting confidence in ETHA.

Growth Signals for Crypto ETF Market

ETHA is cementing BlackRock’s position as a “giant” in the crypto ETF market, with $3.7 billion in assets under management and over 1.5 million ETH. The success of ETHA, along with IBIT, has helped BlackRock shape the trend of institutional investment in cryptocurrencies. However, the outflow of the Bitcoin ETF (IBIT) shows that BlackRock needs to balance its strategy between Bitcoin and Ethereum to maintain its growth momentum.

ETHA’s success underscores the trend toward integrating crypto into traditional finance. With funds like ETHA and FETH attracting large amounts of capital, individual and institutional investors have a safer channel of access than buying directly on exchanges. This also puts pressure on competitors like Circle (with USDC) and Tether (with USDT) to further integrate stablecoins into regulated financial products.

Evaluation and Conclusion

ETHA’s nine-day inflow of over $492 million is a testament to the growing appeal of Ethereum among institutional investors. With BlackRock at the helm, ETHA not only strengthens Ethereum’s position but also drives the adoption of cryptocurrencies in traditional finance. However, given the volatile market and regulatory hurdles, investors should carefully monitor the next steps, especially the potential approval of ETHA staking and options trading.

Will Ethereum continue to surpass Bitcoin as the top choice for institutional investors? Stay tuned for the latest developments!

Once again we give our opinion on potential projects in the crypto market. This is not investment advice, consider your portfolio. Disclaimer: The views expressed in this article are solely those of the author and do not represent the platform in any way. This article is not intended to be a guide to making investment decisions.

Compiled and analyzed by HCCVenture

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