BlackRock Invests $276 Million in Ethereum ETFs

• BlackRock leads with $276 million in Ethereum ETFs.
• Fidelity and Bitwise Drive Institutional Inflows into ETH.
• $307 million reflects growing adoption of Ethereum ETFs.

The cryptocurrency market has seen a significant milestone with $307 million in net inflows into Ethereum (ETH) ETFs on February 4, 2025. The highlight was BlackRock’s iShares Ethereum Trust (ETHA), which led the charge with an impressive $276,16 million in new inflows, cementing its role as the most relevant fund among ETFs dedicated to the second-largest cryptocurrency on the market.

💥BREAKING: BlackRock bought $276.16 MILLION worth of #Ethereum yesterday.

THIS IS MASSIVE!😱 pic.twitter.com/jyQ7p9dqVX

- Crypto Rover (@rovercrc) February 5, 2025

BlackRock’s interest in Ethereum gained momentum after SEC filing to the launch of an Ethereum spot ETF in November last year. The company’s CEO, Larry Fink, highlighted the company’s confidence in Ethereum’s potential, highlighting its value as a blockchain asset, in addition to its role as a cryptocurrency. This move reflects a clear strategy by the manager to increase its exposure to crypto assets, in line with the growing institutional demand for financial products linked to digital assets.

Since its launch, ETHA has seen $4,41 billion in net inflows, with a total of $3,72 billion in assets under management. This growth reflects the continued interest of institutional investors in crypto assets, especially following the advancement of clearer regulatory frameworks for the sector. Increased regulatory clarity has been a crucial factor in attracting large investments, offering greater legal certainty for funds and institutional investors.

Fidelity also stood out with its Ethereum Fund (FETH), which registered an inflow of US$24,47 million in the same period. FETH now has US$1,49 billion in net assets, demonstrating steady growth that could soon surpass the Grayscale Ethereum Mini Trust, currently with US$1,3 billion under management. The Bitwise Ethereum ETF (ETHW) contributed US$4,14 million in net inflows, completing the scenario that resulted in the third largest volume of daily inflows into Ethereum ETFs since their inception.

PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH pic.twitter.com/44N5mRAT5O

— Arkham (@arkham) December 11, 2024

Despite the significant capital movement, ETH’s price remained largely unchanged, trading at around $2.800 on February 5, up slightly by 1% from the previous day. This suggests that while institutional interest continues to grow, the immediate impact on price may be cushioned by other market factors, such as global liquidity and retail investor behavior.

At the time of publication, the price of Ethereum was quoted at $2.749,00 with a drop of 1.8% in the last 24 hours.

The rise of Ethereum ETFs is a reflection of the maturity of the cryptocurrency market. They offer a simplified and secure way for institutional investors to access ETH without having to deal directly with the asset’s custody. Furthermore, the introduction of spot ETFs could further accelerate Ethereum’s adoption, solidifying its position as one of the world’s leading digital assets.