Ethereum ETF ETHA Tops 2M ETH, Sees $900M Weekly Inflows
BlackRock’s Ethereum ETF ETHA has reached over 2 million ETH holdings, about 1.65% of circulating supply, driven by record weekly inflows of $900 million. Over the past four months, U.S. spot Ethereum ETFs have netted $2.7 billion in inflows, lifting total AUM to $13.5 billion across providers. ETHA’s AUM now exceeds $5.5 billion, with shares climbing 17% to $22.80 amid heightened trading volumes.
Institutional investors, including publicly traded BitMine, have boosted ETH accumulation, while Ethereum’s price broke above $3,000 for the first time since January 2025. Technical indicators like a MACD crossover project targets of $3,400 and $4,000, underscoring strong bullish momentum.
Traders should monitor ongoing inflows into Ethereum ETFs, shifts in exchange liquidity, and market structure changes. The growing demand for regulated Ethereum ETFs is reducing available ETH supply on exchanges and likely supporting price stability and further gains.
Bullish
The surge in Ethereum ETF inflows, led by BlackRock’s ETHA, indicates growing institutional confidence. Large weekly inflows of $900 million and cumulative spot ETF inflows of $2.7 billion have pulled significant ETH off exchanges, tightening supply. Combined with Ethereum’s technical breakout above $3,000 and a bullish MACD crossover, these factors point to positive price pressure.
In the short term, sustained ETF allocations may fuel further upside toward $3,400 and potentially $4,000 as liquidity tightens. Over the long term, deepening institutional adoption of regulated Ethereum ETFs could anchor stable demand, reduce volatility, and underpin continued bullish sentiment.