BlackRock’s Ethereum Power Move: ETF Holdings Surge Past 2M ETH

Wall Street's crypto embrace hits hyperdrive as BlackRock cements its ETH dominance.

The whale alert: Asset management titan BlackRock now controls over 2 million Ethereum through its spot ETF—enough to make even Vitalik raise an eyebrow. This isn't your grandma's index fund anymore.

Why it matters: When traditional finance heavyweights start accumulating crypto like Boomer dividend stocks, the game changes. The ETF wrapper gives institutional investors the regulatory fig leaf they crave while keeping exposure pure.

The irony? Banks spent years dismissing ETH as 'tech nonsense'—now they're scrambling to custody it for clients. Guess those blockchain research reports weren't just shelf decoration after all.

Bottom line: With BlackRock's balance sheet becoming a de facto crypto reserve, the line between decentralized finance and Wall Street keeps blurring. Just don't call it a 'hedge' when they're clearly all-in.

In brief

• BlackRock now holds 2,001,081 ETH, or 1.65% of the total Ethereum supply.
• The ETHA ETF received over $900 million in one week, a record since its launch.
• On July 10, 106,827 ETH were purchased without any public declaration or official comment.
• The price of the ETHA ETF jumped 17% over the week, with record volume to match.

Ethereum: BlackRock, a soft hostage-taking?

BlackRock relaunches its Ethereum purchases after a series of strong and regular acquisitions. It is a well-practiced surgical operation:are now under the giant’s control, via its ETHA ETF. This represents 1.65% of the total Ethereum supply. In a single week,flowed into the fund. On July 10, it even acquired 106,827 ETH in one day. No word from Larry Fink. No press release. Just regulatory filings.

This silence contrasts with the impact: the ETH price jumped 7% up to $3,000. The ETF, meanwhile, gained 17% over the week, reaching $22.80. The?, twice in a row. Unprecedented for this fund launched a year ago.

And this is not just a trend. Nate Geraci summed it up in a few words on X: “The iShares Ethereum ETF now holds more than 2 million ether, or 1.65% of the total supply.”

Thisraises questions. Isn’t Ethereum supposed to embody a decentralized model? Can we really talk about open finance if a handful of actors lock access to the supply? crypto had promised something different.

BlackRock and the crypto revolution: soft power, strong effect

BlackRock’s appetite does not stop. It structures the market, influences flows, shapes narratives. And above all, it captures a part of the power.

• 2,001,081 ETH held, or 1.65% of the total supply;
• $5.6 billion in assets under management for ETHA;
• 17% weekly increase in the ETF price;
• 106,827 ETH purchased in one day (July 10);
• $13.5 billion managed by American Ethereum ETFs.

This power is subtle but real. When ETFs massively withdraw Ethereum from the market, it, changes balances, distorts order book transparency. And paradoxically, it centralizes influence.

Crypto dreamed of being egalitarian, distributed, transparent. It is now discovering theWith ETHA, BlackRock plays on all fronts: security, regulation, volume… and implicit control. Purists will say the infrastructure remains free. But where will governance go when liquidity becomes scarce?

While Ethereum is being regulated by ETFs, BlackRock keeps pushing its advantage. On the Bitcoin side, the giant exceeds 700,000 BTC in holdings. The road to the finance of the future is being paved under its boots.

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