Ethereum Soars as BlackRock’s ETF Amasses 2 Million ETH with Record $300M Purchase

In a landmark move for institutional cryptocurrency adoption, BlackRock's iShares Ethereum Trust (ETHA) has surpassed 2 million ETH in holdings following a record-breaking $300 million single-day purchase on July 10, 2025. The acquisition of 106,827 ETH—the fund's largest daily influx to date—triggered a 7% price surge that propelled Ethereum past the $3,000 psychological barrier. This strategic accumulation by the world's largest asset manager signals growing confidence in Ethereum's long-term value proposition among traditional finance giants. The milestone comes as institutional investors increasingly view ETH as a core holding in digital asset portfolios, with BlackRock's ETF now commanding significant influence over market liquidity and price discovery. Analysts suggest this institutional endorsement could pave the way for broader Ethereum adoption in regulated financial products, potentially reshaping the cryptocurrency's trajectory in global markets.

BlackRock's Ethereum ETF Hits 2 Million ETH Milestone with $300M Single-Day Purchase

BlackRock's iShares ethereum Trust (ETHA) has amassed over 2 million ETH, cementing its position as a dominant force in cryptocurrency institutional adoption. The fund's July 10, 2025 purchase of 106,827 ETH—worth approximately $300 million—marked its largest single-day acquisition since inception, triggering a 7% price surge that pushed Ethereum to $3,000.

The transaction accounted for the lion's share of $383 million in net inflows across U.S. spot Ethereum ETFs that day. ETHA's assets under management now stand at $5.6 billion, with its share price climbing 5% to $22.50. Trading volumes exceeded $800 million for two consecutive days, setting a new record for the fund.

Market analysts interpret these flows as institutional validation of Ethereum's long-term value proposition. Notably, ETHA is now outpacing Bitcoin-focused funds in capital attraction, signaling a potential shift in institutional crypto allocation strategies.

Ethereum ETFs Record $908M Weekly Inflows as ETH Price Breaks $3,000

Ethereum exchange-traded funds (ETFs) have notched their strongest week since their July 2024 debut, attracting nearly $908 million in net inflows. Institutional capital surged as Ethereum's price rallied 17% over the week, decisively breaching the $3,000 mark for the first time since February 2025.

Data reveals three of the top 10 inflow days in Ethereum ETF history occurred this week, with July 10 alone seeing $383.10 million. BlackRock's iShares Ethereum Trust (ETHA) led the charge, adding $156 million worth of ETH on that day—outpacing its Bitcoin ETF counterpart. ETHA's holdings now exceed 2 million ETH, valued at over $300 million.

Bloomberg analysts highlighted ETHA's sixth-place ranking among all U.S. ETFs for weekly inflows, signaling Ethereum's accelerating institutional adoption. Technical indicators further reinforce the bullish momentum, with ETH's price breaking out of key resistance levels.

Ethereum Nears $3,500 as ETF Inflows and Short Squeeze Fuel Rally

Ethereum's price surged 1.8% to $2,987, with analysts targeting $3,500 amid strong technical momentum and institutional demand. Over $4.57 million in short liquidations accelerated the breakout as ETH tested the $3,000 resistance level.

Michaël van de Poppe highlights $2,900 as a key support zone, calling any dips below it a buying opportunity. "The trend has become upwards on ETH, which means there’s a lot of upside yet to be made," he said.

Spot ETH ETFs recorded $907 million in weekly inflows, mirroring the bitcoin ETF-driven rally that propelled BTC past $118,000. Liquidation heatmaps reveal concentrated stop-loss orders between $2,800-$2,900, now flipped to support.

SharpLink Gaming Expands Ethereum Holdings with $49 Million Purchase

Nasdaq-listed SharpLink Gaming (SBET) has acquired an additional 16,374 ETH, valued at approximately $48.85 million, continuing its aggressive accumulation of the cryptocurrency. The transaction, tracked by Arkham Intelligence, originated from a wallet linked to Galaxy Digital's OTC desk.

SharpLink's Ethereum reserves now stand NEAR 270,000 ETH, following a 21,487 ETH purchase last Friday that boosted its stock price by 17%. The company's crypto treasury strategy began in May after a $425 million private placement led by Consensys, with Ethereum co-founder Joseph Lubin now serving as chairman.

Lubin emphasizes the dual purpose of SharpLink's strategy: "We're removing ETH from circulation, reinforcing decentralization and network strength." The company actively stakes and restakes its holdings to support Ethereum's ecosystem.

Ethereum's price reflects growing institutional interest, rising 1.2% to $2,981 – its highest level since February. SharpLink's transformation from an iGaming firm to a crypto investment vehicle mirrors broader institutional adoption trends.