BlackRock, the world's largest asset management firm, has additionally purchased $158.6 million worth of Ethereum (ETH). As a result, BlackRock's total Ethereum holdings are approximately $4.45 billion, which corresponds to about 1.5% of the total ETH in circulation.
While analysts are concerned about Ethereum's lagging price, the accumulation phase is not quiet.
BlackRock Purchases $158 Million Worth of Ethereum
This move occurred within the broader trend of aggressive institutional accumulation. Over the past two months, BlackRock has purchased $1.5 billion worth of ETH.
"BlackRock just purchased $158.6 million worth of ETH. Whales are accumulating." – CryptoGoos
This occurred after the Ethereum ETF inflow on Wednesday, and according to the Farside Investors site, BlackRock's ETHA led the net inflow that day.
The asset management firm accounted for over 75% of the $211.3 million inflow. Fidelity's FETH followed with $29.5 million, and Grayscale's ETH was $18 million.
The Ethereum spot ETF has now recorded positive inflows for 8 consecutive weeks, totaling over 61,000 ETH.
Over the past 30 days, BlackRock, Sharplink Gaming, and Bit Digital have led the purchase of $830 million worth of ETH.
BeInCrypto previously reported that Bit Digital sold all of its Bitcoin holdings and transitioned to Ethereum. It currently holds $254.8 million worth of ETH.
THIS COMPANY SOLD ALL OF THEIR BTC AND BOUGHT $200M OF ETH
— Arkham (@arkham) July 7, 2025
Bit Digital just acquired $192.9M ETH after raising ~$172M from a public offering, and selling their entire holdings of BTC, worth ~$28M.
Bit Digital now holds a total of $254.8 Million of ETH. pic.twitter.com/nV3P9vhZU8
Meanwhile, Sharplink became the first listed company to adopt Ethereum as a financial asset. It currently holds 176,271 ETH, worth over $490 million at current exchange rates.
On-chain analysts have confirmed strong whale wallet activity and coordinated purchases between large wallets.
Among them is Merlijn The Trader, a popular X analyst, who emphasized similarities with the 2016-2017 cycle.
"Ethereum is drawing exactly the same pattern... Accumulation → Fake-out → Launch. That move ended 10x. This time, BlackRock and billions of dollars are ready. Ignoring ETH here is not just wrong, it's reckless." – Merlijn The Trader
Ethereum: Increasing Interest, Facing Momentum Stagnation
However, despite institutional strength and increasing ETF inflows, Ethereum's price movement remains relatively quiet.
BeInCrypto previously reported that Ethereum's trading volume recently exceeded Bitcoin for the first time, indicating increased interest but raising concerns about the sustainability of the current rally.
Ethereum is struggling to recover to $3,000, and some analysts point out that the broad selling risk of Bitcoin could hinder Ethereum's rise.
I'm genuinely concerned about ETH. The sentiment on my timeline is euphoric but the price isn't moving at all… ETH bulls are celebrating $2620….
— Ran Neuner (@cryptomanran) July 9, 2025
If it doesn't actually start moving soon, the next move could be down.
Nevertheless, the long-term outlook remains favorable for Ethereum. Beyond data accumulation, ecosystem growth remains strong.
Most stablecoins are still being issued on Ethereum's ERC-20 standard. Similarly, the Ethereum Foundation's new efforts to restore community trust could drive further Ethereum appreciation.
With ETH ETF gaining attention, institutional allocation increasing, and whales leading the way, Ethereum may be quietly preparing for its next breakthrough.
At the time of writing, Ethereum is trading at $2,787, having risen more than 6% in the past 24 hours.
