BlackRock dominates Ethereum ETF market with $4.1B in holdings
BlackRock leads U.S. Ethereum ETF market with $4.1B in ETHA.
The total value of Ethereum held by U.S. spot Ethereum exchange-traded funds (ETFs) has surged to a record high, underscoring growing institutional interest in the digital asset.
Collectively, these ETFs now manage 3.91 million ETH—worth approximately $10.56 billion—according to the latest on-chain data, reports Crypto News.
Much of this growth has been driven by a 19-day inflow streak that netted more than $1.37 billion, representing over a third of total inflows since the ETFs launched. Although the streak briefly paused on June 13 with a minor $2.1 million outflow, market analysts note that overall momentum remains decisively positive.
BlackRock’s ETHA Commands Market Share
At the forefront of this ETF boom is BlackRock’s iShares Ethereum Trust (ETHA), which has amassed approximately 1.58 million ETH—around 41% of the total U.S. Ethereum ETF market. With assets under management valued at $4.1 billion, ETHA is clearly leading the pack, followed by Grayscale’s ETHE with a 29.5% share, Grayscale Mini at 12.8%, and Fidelity’s FETH at 12%.
BlackRock’s consistent performance in the Ethereum space mirrors the dominance of its Bitcoin ETF, IBIT, which recently became the fastest ETF in history to cross $70 billion in AUM. Arkham Intelligence also reported that BlackRock recently added $50 million worth of ETH to its holdings, further solidifying its position.
Ethereum Price Declines Despite ETF Inflows
Despite these record-breaking inflows into ETH ETFs, Ethereum’s spot price has failed to reflect bullish sentiment. As of press time, ETH trades just above $2,500, down roughly 3% over the past 24 hours and 11% from its monthly high of $2,869.
Over the past week, Ethereum has lost around 8%, largely due to broader crypto market corrections and macroeconomic uncertainties. Still, the ETF data suggests that institutions are viewing the dip as a buying opportunity, pointing to long-term confidence even as short-term volatility continues. Investors are now watching whether sustained ETF accumulation can stabilize Ethereum’s price and push it toward recovery.
Recently we wrote that Ethereum staking has surged to a new milestone, with over 35 million ETH now locked into the network’s staking contracts, according to recent data from CryptoQuant and Onchain School.
