Key Notes
- BlackRock’s iShares Ethereum Trust (ETHA) now manages over $5 billion in assets, holding 1.8 million ETH.
- Ether (ETH) price rallied over 7% to approach the $2,800 mark, driven by a 77% increase in trading volume and a 13% surge in futures open interest.
- Whale accumulation remains strong, with 127,971 ETH bought in 24 hours by major players like SharpLink Gaming and Abraxas Capital.
With the Ethereum ETH $2 772 24h volatility: 4.5% Market cap: $334.71 B Vol. 24h: $30.28 B price gaining more than 7% amid a broader crypto market rally, spot Ether ETFs clocked more than $211 million inflows on Wednesday, the highest daily inflows in a month.
BlackRock Ethereum ETF (ETHA) contributed to the most inflows at $158 million, with a staggering 43 million ETH shares traded on Nasdaq.
BlackRock Ethereum ETF Dominates, ETHA Share Price Shoots
BlackRock iShares Ethereum Trust (ETHA) has been dominating most of the inflows, reaching closer to $6 billion since inception.
Following Wednesday’s inflows and strong ETH price rally, the net assets under management of ETHA have surged past $5 billion.
The Blockchain Ethereum ETF also holds a total of 1.8 million ETH tokens as of now.
7/9 BlackRock ETH ETF $ETHA net flow 57,801 ETH ($153.87 million)
(HIGEST VOLUME TRADED SINCE INCEPTION)
Volume traded: $0.9 billion https://t.co/fm6qt94Y0o pic.twitter.com/HpDBWNRNdH— Trader T (@thepfund) July 10, 2025
The ETHA share price jumped over 6%, reaching $20.97. As per the data from Yahoo Finance , more than 43 million ETHA shares traded on Wednesday, double the trading volume from the previous day’s total of $24 million.
Daily trading volumes for ETHA have been steadily rising, with the 30-day average reaching a record 18.83 million, up from 12.97 million in early June.
The overall spot Ethereum ETF market is also showing healthy growth with strong inflows over the past two months. The collective inflows across all US ETF issuers has now surged to over $4.7 billion.
With the Rex Shares-Osprey Solana Staking ETF launching last month, anticipation is growing that Ethereum ETFs will soon offer staking features as well. Major players like CBOE are actively advocating for it.
ETH Price Rally Can Continue Amid Strong Whale Purchases
Amid a strong crypto market and Bitcoin hitting all-time highs , ETH has gained 7% in the past 24 hours, approaching $2,800 and eyeing a $3,000 breakout.
Today’s ETH price rally came with a 77% increase in daily trading volume, moving past $31 billion. The ETH futures open interest has surged more than 13% to $41.1 billion, suggesting strong bullish sentiment among traders.
The ETH whales have purchased a staggering 127,971 ETH over the last 24 hours. This includes some of the top contributions from SharpLink Gaming, Abraxas Capital, and other crypto wallets .
Ethereum broke back above $2,800 today!
In the past 24 hours, 7 whales/institutions have bought 127,971 $ETH ($358M).
Newly created wallet 0x35fb withdrew 54,125 $ETH ($151M) from #Kraken in the past 16 hours. https://t.co/5e6AQjMOwt
Abraxas Capital withdrew 40,986 $ETH ($114M)… pic.twitter.com/0pmcvZxK7S
— Lookonchain (@lookonchain) July 10, 2025
