BlackRock’s iShares Ethereum Trust (ETHA) just hit a huge milestone: It is now holding more than 2 million ETH, which is worth over $5.5 billion. That’s more than 1.65% of Ethereum’s total supply now parked in a single U.S. spot ETF.
According to the latest data, ETHA’s holdings reached 2,001,081 ETH as of July 13. This comes after a big week for inflows — over $900 million came in, making it the fund’s strongest week since launch. Three of ETHA’s ten biggest daily inflows happened in the last seven days alone.
If you look at the big picture, all U.S. spot ETH ETFs combined are now managing $13.5 billion in assets. That accounts for nearly 3.8% of ETH’s market cap. BlackRock is in the lead, followed by Fidelity, Bitwise and Grayscale. Total net inflows across all funds have passed $5.3 billion, and it’s clear that institutions are seriously interested.
iShares Ethereum ETF now holds over 2 million ether…
Current total supply of eth = 121mil pic.twitter.com/JqhkzsnZwf
— Nate Geraci (@NateGeraci) July 13, 2025
ETHA also had a strong week on the chart. The ETF closed at $22.80 on Friday, up almost 17% from its opening price of $19.36 on Monday. That’s the biggest weekly gain since May, with the price breaking above short-term resistance and volume skyrocketing alongside it.
The big picture is pretty clear: More ETH is moving out of the open market and into long-term investment options. With BlackRock now holding such a big share of supply, the dynamics of Ethereum’s liquidity are changing.
It’s not just a hype cycle or a one-time thing. Ethereum’s institutional positioning is already happening, and you can see it in the data — from flows and pricing to how much ETH is actually available.
