Ethereum ETFs See $100M Surge in Inflows, BlackRock’s ETHA Jumps 45%
Summary
- BlackRock’s Ethereum ETF (ETHA) share price has surged 45% over the past month, driven by steady investor inflows.
- ETHA now manages $3.7 billion in assets, holding over 1.4 million ETH.
- While BlackRock’s Bitcoin ETF (IBIT) experienced outflows, the Ethereum ETF (ETHA) has consistently attracted new capital.
Ethereum ETFs recorded a strong surge in inflows, reaching $109.5 million during Tuesday’s trading session. This marks the 12th consecutive day of inflows into spot Ethereum ETFs, with BlackRock’s iShares Ethereum Trust (ETHA) capturing the majority of the capital. As a result, ETHA’s share price has climbed 45% over the past month. At the same time, increased activity from Ethereum whales has helped the altcoin rebound above the $2,600 mark.
BlackRock’s ETHA Leads Ethereum ETF Inflows
Since mid-May 2025, spot Ethereum ETFs have experienced a steady wave of capital inflows, now exceeding $100 million. Leading the charge is BlackRock’s iShares Ethereum Trust (ETHA), which recorded $77.2 million in inflows, according to data from Farside Investors. Fidelity’s FETH followed with $21 million, while Grayscale’s mini-Ether ETF attracted $8.4 million.
This trend signals a notable shift in institutional strategy, with capital appearing to rotate from Bitcoin into Ethereum. While BlackRock’s Bitcoin ETF (IBIT) has seen substantial outflows, ETHA has consistently drawn in new funds during the same period. This movement aligns with Ethereum’s recent outperformance against Bitcoin since mid-April, suggesting a growing preference among institutions for the leading altcoin.
ETHA’s share price has surged 45% over the past month, driven by this sustained investor interest. Despite the rally, it remains 25% lower on a year-to-date basis. However, if the inflows persist, a full recovery may not be far off. Currently, ETHA manages $3.7 billion in assets and holds over 1.4 million ETH.
Staking Potential Could Accelerate Inflows
BlackRock is also seeking regulatory approval to enable staking for its Ether ETF — a move that could open the floodgates for further institutional investment. The SEC’s initial decision window on the application is expected in Q3 2025. If approved, this could pave the way for staking rewards to be integrated across Proof-of-Stake (PoS) crypto ETFs. However, recent comments from the SEC, in response to a similar initiative by RexShares, suggest that staking features may face regulatory hurdles and could be classified under securities laws.
Ethereum Whale Makes $283 Million OTC Move
Beyond the ETF inflows, on-chain data reveals significant activity from large holders. Blockchain analytics firm Arkham Intelligence identified a major over-the-counter transaction involving 108,278 ETH — worth around $283 million. In a separate move, Galaxy Digital’s OTC wallet withdrew 89,000 ETH (approximately $233.5 million) from exchanges within the past 12 hours, signaling strong accumulation from large players.
