BlackRock Now Holds Over 2 Million Ethereum: A Silent Takeover of the Crypto Market?
- How Much Ethereum Does BlackRock Actually Control?
- Why Is BlackRock’s ETHA ETF Breaking Records?
- Is Ethereum’s Decentralization at Risk?
- What’s Next for ETH Prices and Institutional Adoption?
- FAQs: BlackRock’s Ethereum Dominance
In a move that’s shaking the foundations of decentralized finance, BlackRock has quietly amassed a staggering 2,001,081 ETH—equivalent to 1.65% of Ethereum’s total supply. With its ETF ETHA smashing records ($900M inflows in a week) and single-day purchases exceeding 106,827 ETH, the asset management giant is rewriting the rules of crypto ownership. But as Ethereum’s price surges 7% and ETHA gains 17%, critics ask: Is this institutional embrace a boon for Web3 or a stealthy centralization of power?
How Much Ethereum Does BlackRock Actually Control?
As of July 10, 2025, BlackRock’s iShares ethereum Trust (ETHA) holds—enough to make it the largest institutional holder after the Ethereum Foundation itself. To put this in perspective:
- This represents 1.65% of all circulating ETH (per CoinGlass data).
- ETHA’s assets under management (AUM) ballooned to $5.6 billion following a 17% weekly price surge.
- On July 10 alone, BlackRock scooped up 106,827 ETH without public commentary—a move that pushed ETH to $3,000.
"This isn’t just accumulation—it’s a strategic land grab," notes BTCC analyst Mark Chen. "When one entity controls this much supply, it inevitably impacts liquidity and governance."
Why Is BlackRock’s ETHA ETF Breaking Records?
The numbers speak volumes:
| Metric | ETHA Performance |
|---|---|
| Weekly Inflows | $900M+ (July 3-10) |
| Daily Volume (July 10) | 2x previous record |
| Price Increase | 17% in 7 days |
Nate Geraci, president of The ETF Store, summed it up on X: "ETHA now holds over 2M ETH—more than many nations’ crypto reserves." The fund’s success mirrors BlackRock’s bitcoin playbook, where its IBIT ETF now holds.
Is Ethereum’s Decentralization at Risk?
Here’s the paradox: Ethereum was built to democratize finance, yet institutional giants now control significant chunks. Consider:
- Top 5 ETH holders (including ETHA) now own ~15% of supply (TradingView).
- ETFs collectively manage 13.5B in ETH assets, effectively locking up liquid supply.
"It’s like watching a decentralized garden turn into a walled estate," quips crypto podcaster Laura Shin. While the blockchain remains open, concentrated ownership could sway everything from staking yields to protocol upgrades.
What’s Next for ETH Prices and Institutional Adoption?
The market reaction has been bullish—ETH jumped 7% post-BlackRock’s July 10 purchase—but long-term implications are nuanced:
- Short-term: ETF demand could drive prices higher (targets: $3,500 by Q3 2025 per BTCC research).
- Long-term: Reduced circulating supply may increase volatility during sell-offs.
As Larry Fink’s silence continues, one thing’s clear: The lines between traditional finance and crypto are blurring faster than anyone predicted.
FAQs: BlackRock’s Ethereum Dominance
How does BlackRock’s ETH holding compare to Bitcoin?
BlackRock holds 700K BTC ($42B) vs. 2M ETH ($6B)—smaller in dollar terms but equally strategic.
Will ETHA’s growth slow down?
Unlikely. With 90% of weekly crypto ETF inflows going to ETHA, momentum favors BlackRock.
Can retail investors still influence Ethereum?
Yes, but institutions now set the tone. Retail accounts for just 35% of ETH trading volume (CoinGlass).
