BlackRock's Ethereum Trust (ETHA) saw remarkable growth in its Ethereum (ETH) holdings in July, with continued accumulation. During the month, the ETF added over 1,25 million ETH, bringing its total supply to over 3 million ETH, according to a disclosure on July 29, 2025.
At the beginning of July, ETHA held approximately 1.768.770 ETH. Throughout the month, this number increased by 1,25 million ETH, bringing the total supply to 3.018.770 ETH. This represents an increase of approximately 70,7% in just four weeks, underscoring Ethereum's intense appeal among institutional investors.
In financial terms, the trust's Ethereum holdings are now valued at approximately $11,36 billion, a significant increase from around $6,63 billion at the beginning of the month. This figure highlights not only Ethereum's growing value but also the growing influence of large investment firms within the crypto market.
It is noteworthy that BlackRock, the world's largest asset manager, has purchased more ETH than BTC (BitcoinAccording to data from Finbold, the asset manager purchased more than $22 billion worth of Ethereum between July 28 and 1,2, which is more than four times the $267 million invested in Bitcoin during the same period.
On-chain data indicates that the inflow consisted of multiple transfers of 10.000 ETH from Coinbase Prime, as well as a massive single transaction of 177.500 ETH worth $655,9 million. This indicates not only substantial demand for Ethereum but also accelerated adoption of the digital asset by institutions.
BlackRock is playing a crucial role in the growing institutional interest in Ethereum, helping to push the price toward key resistance levels. Ethereum has recently seen a strong rally, rising from below $2.000 to current levels near $4.000. This is a clear indication of market confidence in the network's future growth and adoption.
At the time of writing, ETH is trading at $3.806, up over 1% in the past 24 hours, with a gain of 4,3% over the past week. Having broken above the $3.800 resistance level, Ethereum appears well-positioned to test the $4.000 level if its current momentum continues.
Why is BlackRock importing so much Ethereum?
BlackRock sees strong growth potential in Ethereum, which drives aggressive accumulation. The ETF model also offers a structured way to gain exposure to Ethereum, which is attractive to institutional investors.
How does the increase in Ethereum holdings affect the market?
BlackRock's significant purchases contribute to a rise in Ethereum prices, especially when large institutional players increase demand for the asset and ignite the price.
What does the recent price increase mean for prospective investors?
The recent rally could encourage new investors to enter Ethereum, while also encouraging existing investors to hold or add to their positions, further driving the price higher.