BlackRock's Ethereum ETF holdings surpass 2 million ETH milestone, with over $6 billion in ETHA inflows.

BlackRock's Ethereum ETF (ETHA) saw its largest single-day purchase on July 10, successfully acquiring 106,827 ETH, worth $300 million. As the price of Ethereum (ETH) rose again by 7%, surpassing $3,000, this transaction became the largest single-day purchase since the launch of ETHA. Currently, BlackRock holds 2 million ETH, and this large-scale purchase directly drove fund inflows for U.S. ETF issuers, with total inflows yesterday reaching $383 million.

BlackRock Ethereum ETF inflow surpasses $6 billion

BlackRock iShares Ethereum Trust (ETHA) continued to increase its purchasing power this week, recording a maximum single-day inflow of $300.9 million on July 10. According to Farside Investors, this amount is more than 8 times the average inflow since ETHA's launch. Notably, the total inflow since ETHA's launch has surpassed $6 billion.

At the same time, with the price of ETH rising by 15% over the past week, the total assets under management of ETHA have approached $6 billion, demonstrating the strong appeal of the fund in the market.

Record Trading Volume for ETHA

According to Bloomberg ETF strategist Eric Balchunas, the iShares Ethereum Trust (ETHA) has set a record for trading volume in the past two days, with daily trading volume exceeding $800 million, four times its average level. With the strong rise in ETH prices, ETHA is expected to see more capital inflows in the coming days. Balchunas stated, "Given that ETH prices are also rising, we may see more large capital inflows in the next few days."

The price of ETHA has thus welcomed a 5% rise, jumping to $22.5, and this upward trend has continued in after-hours trading, achieving an over 9% weekly rise. Despite the fact that the price of ETHA has dropped 18% over the past year, market analysts remain optimistic about its prospects.

Institutional capital inflow drives ETHA pump

Although the ETHA stock price has fallen by 18% in the past year, market analysts are beginning to turn bullish on ETHA due to strong momentum in capital inflows. All eyes are on whether the U.S. Securities and Exchange Commission (SEC) will approve the staking feature of the Ethereum ETF. If approved, this could potentially bring in more institutional capital, further driving the rise in ETHA stock price.

Trump's Truth Social also joins the Ethereum ETF competition

In addition, Trump's Truth Social has also joined the competition for Ethereum ETFs, injecting more attention and anticipation into the market.