BlackRock Dominates Spot ETH ETF Inflows With Massive $500M Surge, Ethereum Eyes $5,000 Breakthrough
Wall Street's crypto awakening hits overdrive as institutional money floods Ethereum.
BlackRock's ETF Power Play
The world's largest asset manager just dropped a half-billion dollar bet on Ethereum—sending traditional finance dinosaurs scrambling to keep up. While hedge funds were still debating whether crypto was 'real,' BlackRock quietly assembled a digital asset war chest that's reshaping entire portfolios.
$5,000 Target in Sight
Market momentum suggests Ethereum's heading toward territory that would've seemed absurd just years ago. The institutional stampede isn't just validation—it's rocket fuel for prices. Funny how Wall Street embraces crypto once there's enough zeros on the check.
This isn't retail speculation anymore—it's the big leagues. And BlackRock just reminded everyone who writes the rules when real money gets involved.
Ethereum ETFs Register Second Consecutive Inflow Week
Last week was another positive week for Spot ethereum ETFs. Across all issuers in the US, Spot Ethereum ETFs added $556.92 million in inflows during the week, making it the second consecutive week of positive institutional inflows. Cumulative inflows since launch are now over $13.9 billion, and these ETFs now hold $29.64 billion worth of Ethereum.
Interestingly, data from Farside Investor’s Spot ETF tracker reveal that the majority of last week’s institutional inflows went into BlackRock’s ETHA. The inflow numbers show that BlackRock’s ETHA product absorbed roughly $513 million in net inflows between September 15 and 19.
The largest portion came on Monday with over $360 million, followed by another $140 million inflow as the week drew to a close on Friday, which was enough to offset corresponding outflows from every other issuer that day. This shows how investors continue to favor BlackRock’s offering as the primary gateway for regulated Ethereum exposure.
Other issuers experienced a more mixed week. Fidelity’s FETH product posted sharp redemptions, most notably $53.4 million in outflows on Friday, September 19. However, these outflows were partially balanced by $159.4 million in inflows on Thursday. Bitwise and Grayscale also witnessed days of inflows, which was enough to cancel out minor outflows during the week.
Spot Ethereum ETF Flows: Farside Investors
Technical Analysis Points To $5,000
Another week of institutional inflow could set the stage for bullish price action in the new week, which in turn would certify a bullish monthly close for Ethereum in September. In fact, analyses from different analysts have looked at multiple bullish patterns forming across different timeframes on the Ethereum price chart.
One particularly notable observation came from VasilyTrader on the TradingView platform, who highlighted encouraging signals on Ethereum’s shorter-term charts. His analysis of the 4-hour candlestick timeframe suggested that the recent pullback has now given way to a bullish confirmation.
He identified a clear double bottom pattern that formed early last week, which was followed by a breakout from a falling wedge formation by Friday’s close. Based on these developments, VasilyTrader set his next price target at no less than $4,741.
Chart Image From TradingView: VasilyTrader
At the time of writing, Ethereum is trading at $4,485. According to crypto analyst Daan Crypto Trades, ETH is still on track to reach $5,000 as long as it holds above $4,400.
Featured image from Unsplash, chart from TradingView
