BlackRock's Ishares Ethereum Trust (ETHA) has just hit a huge milestone. It currently owns more than 2 million ETH, worth more than $5.5 billion. It is currently parked in a single US spot ETF, with over 1.65% of Ethereum's total supply.
According to the latest data, Etha holdings reached 2,001,081 ETH as of July 13th. This is after a big week for an influx. Three of the 10 biggest influx of Eta have occurred in the past seven days alone.
Looking at the big picture, all US Spot ETH ETFs manage their $13.5 billion worth of assets. This accounts for almost 3.8% of ETH's market capitalization. BlackRock is leading, followed by fidelity, bitwise and grayscale. The total net inflow across all funds exceeds $5.3 billion, and it is clear that the institution is seriously interested.
Ishares Ethereum ETF currently holds more than 2 million ether…
ETH = 121mil pic.twitter.com/jqhkzsnzwf's current total supply
– Nate Geraci (@nategeraci) July 13, 2025
Ether also had a strong week on the charts. The ETF concluded on Friday at $22.80, up almost 17% from its operating price of $19.36 on Monday. This is the biggest weekly profit since May, with prices outweighing short-term resistance and volumes surged along it.
The whole picture is pretty clear. More ETH are moving from the open market to long-term investment options. As BlackRock holds such a large supply, the liquidity dynamics of Ethereum are changing.
It's not a hype cycle or one-off. Ethereum's institutional positioning is already underway, and you can see it in your data, from flows and pricing to the amount of ETH that is actually available.
