BlackRock Ethereum ETF ($ETHA) Increases Holdings by over 200% in July

BlackRock, a prominent spot Bitcoin ($BTC) and Ethereum ($ETH) ETF issuer, has recorded a staggering growth over the past month. As per the data from Sentora, formerly known as IntoTheBlock, the iShares Ethereum Trust ($ETHA) of BlackRock has witnessed an over $7B growth in assets under management (AUM) in July, denoting a more than 200% 1-month upsurge.

In its recent X post, the AI-driven financial analytics firm has labeled this notable expansion within only one month. As a result of this, $ETHA now accounts for 3M $ETH in holdings, representing 2.52% of the total circulating supply of Ethereum.

BlackRock’s $ETHA Witnesses Strong Institutional Interest, Net Assets Touch $11.37B

The on-chain analytics confirm the meteoric spike of BlackRock’s Ethereum ETF, $ETHA, during the month of July. Thus, as of the 31st of July, the cumulative net assets of $ETHA accounted for $11.37B, highlighting a huge $9.74B in net inflow. This indicates significant institutional appetite in the Ethereum ($ETH) ETF.

ETF Now Dominates 2.5% of Total Ethereum Circulating Supply with More than 3M $ETH

According to Sentora, $ETHA’s trading activity has also experienced an intensified trading activity as the daily volume thereof has touched $32.7M. At the same time, its overall value traded climbed to $936.21M on July’s last day. This has pushed the $ETH holdings of the fund from below 1,000 to more than 5,000 units. Moreover, as the flagship altcoin keeps evolving, the involvement of BlackRock may catalyze wider participation from conventional finance entities.