BlackRock’s Ethereum ETF Surpasses $2.6 Billion Inflows; Is $5,000 ETH Next?

BlackRock’s iShares Ethereum ETF (ETHA) has reached a significant milestone, accumulating over $2.6 billion in net inflows since its launch.

On Thursday alone, the ETF attracted $292 million—its highest single-day inflow—propelling its total holdings to approximately 837,500 ETH valued at $3.27 billion. This surge underscores BlackRock’s dominant position in the U.S. Ether ETF market.

The past week has seen ETHA single-handedly driving the majority of inflows, contributing $800 million over five trading sessions. According to data from Farside Investors, the collective net inflows across all U.S. Ether ETFs have now surpassed $1.3 billion for the first time.

• Key Figures:

  • Daily Inflow Record: $292 million on Thursday

  • Total Holdings: 837,500 ETH worth $3.27 billion

  • Total Inflows Since Launch: $2.6 billion

Nate Geraci, President of ETF Store, highlighted that these milestones were achieved despite challenges such as staking restrictions and the absence of options trading for Ether ETFs. This indicates a robust investor appetite for Ethereum-focused financial products.

Ethereum Price Eyes $5,000 Amid Bullish Momentum

Ethereum’s price has been on an upward trajectory, gaining 9% over the past week. Currently trading around $3,900, ETH is testing a critical resistance level at $3,928. Breaking through this barrier could pave the way for a rally to new all-time highs above $5,000.

Renowned crypto analyst Venturefounder notes that Ethereum is nearing a breakout from a three-year-long triangle consolidation pattern. The analyst suggests that ETH could replicate its explosive 2016-2017 rally, potentially reaching a new all-time high of $15,937 by May 2025.

• Analyst Insights:

  • Current Resistance Level: $3,928

  • Short-Term Target: $5,000

  • Long-Term Projection: $15,937 by May 2025

Whale Movements Add Selling Pressure to the Market

Despite the bullish outlook, significant Ethereum holders are introducing selling pressure. Blockchain analytics platform Spot On Chain reports that a major Ethereum whale recently deposited 60,079 ETH (approximately $234 million) to the Bitfinex exchange after holding the assets for nearly six years.

• Whale Activity Details:

  • Initial Withdrawal: 87,085 ETH from Bitfinex in January 2019 at $153 per ETH

  • Previous Transfers: 600 ETH moved to Tornado Cash in 2020 for privacy

  • Recent Deposits: 86,484 ETH back to Bitfinex in November 2023 and December 2024 at an average price of $3,331 per ETH

This movement suggests that some long-term investors may be preparing to liquidate their positions, potentially impacting Ethereum’s price dynamics in the short term.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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