BlackRock, the world's largest asset manager, continues to double its Ethereum holdings and may not be relented anytime soon as data on the on-chain analytics platform LookonChain shows that it has more than doubled its ETH position in just 23 days.
This data shows that BlackRock has acquired a massive 1,035,653 Ethereum since July 1, 2025, over $3,760,000,000.
July: Ethereum's institutional FOMO month?
As Ethereum beat the $3,500 major, demand for cryptocurrencies continues to grow, all eyes are in the second largest cryptocurrency by market capitalization. This aggressive accumulation trend from BlackRock indicates an increase in institutional demand for Ethereum-based products.
Apart from BlackRock, the bullish trend across a wide range of US spot ETH ETFs shared earlier today as large-scale crypto influencer Matt Hogan shared earlier today that all spot Ethereum ETFs had accumulated $4.4 billion in July alone.
ETH ETF Flow
July 2024 – June 2025: $4.2 billion
July 2025: $4.4 billion
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– Matt Hougan (@matt_hougan) July 24, 2025
We've seen institutional investors bet largely on Ethereum in July, but the total ETH ETH accumulated in July via Ethereum-based investment products is $4.2 million, surpassing the total tokens achieved the previous year.
This dramatic increase in Ethereum purchasing activity from institutions has sparked market responses, with many tagged July being tagged as Ethereum's institutional FOMO month. Data from CoinmarketCap shows that ETH was achieved at $3,817 on July 21, with ETH reaching a months-high of $3,817, which appears to have been spurred by bulls flagged by tokens on the month.
Market participants raised the argument that July could have been a “FOMO catch-up month” for Ethereum investors who were reluctant to acquire tokens or cautious to invest in Ethereum. Therefore, many institutional investors who were underweight at Ethereum are willing to establish their position before prices rise further.
