BlackRock Just Broke Major 2,000,000 Ethereum (ETH) Milestone

Ethereum

BlackRock Just Broke Major 2,000,000 Ethereum (ETH) Milestone

BlackRock‘s iShares Ethereum Trust (ETHA) just hit a huge milestone: It is now holding more than 2 million ETH, which is worth over $5.5 billion. That’s more than 1.65% of Ethereums total supply now parked in a single U.S. spot ETF.

According to the latest data, ETHA‘s holdings reached 2,001,081 ETH as of July 13. This comes after a big week for inflows — over $900 million came in, making it the fund’s strongest week since launch. Three of ETHAs ten biggest daily inflows happened in the last seven days alone.

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If you look at the big picture, all U.S. spot ETH ETFs combined are now managing $13.5 billion in assets. That accounts for nearly 3.8% of ETH‘s market cap. BlackRock is in the lead, followed by Fidelity, Bitwise and Grayscale. Total net inflows across all funds have passed $5.3 billion, and it’s clear that institutions are seriously interested.

ETHA also had a strong week on the chart. The ETF closed at $22.80 on Friday, up almost 17% from its opening price of $19.36 on Monday. Thats the biggest weekly gain since May, with the price breaking above short-term resistance and volume skyrocketing alongside it.

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The big picture is pretty clear: More ETH is moving out of the open market and into long-term investment options. With BlackRock now holding such a big share of supply, the dynamics of Ethereums liquidity are changing.

It‘s not just a hype cycle or a one-time thing. Ethereum’s institutional positioning is already happening, and you can see it in the data — from flows and pricing to how much ETH is actually available.