BlackRock's Ethereum Bet Just Broke Every Record

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10 hours ago

BlackRock just made its biggest move with Ethereum (ETH) to date, snapping up $499.2 million worth of ETH in a single day. This is a new all-time high for daily ETH accumulation by the asset giant. Arkham captured the purchase on-chain and now pegs BlackRock’s Ethereum holdings at over $7 billion, representing more than two million ETH.


This record-breaking deal aligns with a huge increase in demand for BlackRock’s Ethereum ETF and iShares Ethereum Trust (ETHA). On July 16 alone, ETHA received $499.25 million in net inflows. ETHA’s net assets have since grown to $7.73 billion. 



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The ETF's price followed suit. ETHA jumped 11.19% on July 16 to close at $25.63, as shown on the latest chart. This marked its highest daily percentage gain in months.


BLACKROCK RECORD BUY: HALF A BILLION USD OF ETH
BlackRock just set a new daily record, buying $499.2M ETH in one day yesterday.
BlackRock currently holds $6.94 Billion USD of Ethereum. pic.twitter.com/o1c2mNal6D

— Arkham (@arkham) July 17, 2025

This is not a one-time spike - it is part of a fast rise that has boosted ETHA almost 90% from its low point in April. The recent breakout has helped ETHA get back within reach of its late-2024 highs, which has led to optimism that institutional interest in Ethereum is switching from passive exposure to active accumulation.



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In the meantime, BlackRock's crypto portfolio keeps growing, with assets reaching almost $92 billion. Bitcoin is still the leader with $84.98 billion, but ETH is gaining ground quickly, especially as Ethereum-based products are bringing new money into the space.


As of July 16, a total of $726.7 million flowed into all U.S. spot ETH ETFs in just one day, pushing the total amount invested past $6.4 billion. BTC may still lead in raw numbers, but the big institutional move toward ETH - which BlackRock's buy and ETHA's price action show - is getting harder to ignore.


Ethereum's institutional era seems to be accelerating.


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