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Key Highlights:
- Since the beginning of July, BlackRock Ethereum ETF (ETHA) has attracted over $2.13 billion in inflows. With this, the lifetime inflows exceeded $7.6 Billion.
- BlackRock has filed with the SEC to allow staking of its Ethereum ETF assets, with Nasdaq submitting the amendment proposal.
- If approved, the ETF would stake its ETH and reward shareholders. Coinbase is likely serving as the staking partner.
- Based on the ETF inflows and staking news, ETH has jumped over 9% to $3,650. Bulls are eyeing a move above $4,000.
BlackRock ETF iShares Ethereum Trust (ETHA) clocked its largest single-day inflows at $546 Million on Thursday. This happened after filing with the U.S. SEC for approval on its Ethereum staking.
The development has already shot up the ETH price by more than 9% to $3,650. With substantial ETH accumulation over the past few weeks, the net ETH holdings of ETHA have now crossed 2.3 million.
Also, the assets under management (AUM) are now reaching $8 Billion. Amid this development, the ETH price is up 9%, with bulls targeting a rally past $4,000 immediately.
BlackRock ETF (ETHA) Hits $7.6 Billion in Inflows
BlackRock ETF, iShares Ethereum Trust, has accelerated its ETH acquisition spree in the past week. It has been raking up more than $2.13 Billion in inflows since the beginning of July. As a result, it has also hit the milestone of more than $7.6 billion in inflows since inception, within one year.
On Thursday, the BlackRock ETF for Ethereum scooped a total of 158,875 ETH, equivalent to $544.94 Million. With this, daily trading volumes for ETHA hit a staggering $1.5 Billion.
With BlackRock leading, inflows across all US ETF issuers crossed more than $7.1 Billion on Thursday. This highlights that institutional demand for Ethereum and other ETH investment products has sharply risen.
Per the official iShares website, BlackRock alone holds more than 2.3 million ETH. The ETHA share price has also surged by 15% over the past week, and is currently trading around $26. Since major inflows in spot Ether ETFs resumed mid-April, the ETH stock price has surged by more than 150%.
Ethereum Staking for BlackRock ETF Coming Soon?
On Thursday, the asset manager filed with the U.S. SEC for a staking approval for its iShares Ethereum Trust (ETHA). Yesterday, Nasdaq filed a proposal to the US SEC on behalf of BlackRock. It seeks to amend the iShares Ethereum Trust (ETHA) to allow staking of its underlying assets.
While multiple asset managers have submitted similar requests in recent months, Nasdaq’s timing stands out. It comes amid institutional interest in Ethereum and growing momentum for ETF-related staking approvals.
If approved, the BlackRock ETF will participate in Ethereum staking and distribute the resulting rewards to its shareholders. According to the filing, the move is expected to enhance the ETF’s creation and redemption mechanisms.
Furthermore, crypto exchange Coinbase will likely serve as the designated staking partner.
Bloomberg senior ETF strategist James Seyffart weighed in on the development, noting: “Staking is not ‘done”. There are plenty of ETH staking ETF filings already on the books. Final deadline for earlier filings is in late October”.
Seyffart noted that the staking proposal for BlackRock ETF is still in early stages. The final SEC deadline for the filing won’t arrive until around April 2026. However, he believes staking approval could arrive sooner by the fourth quarter of 2025.
He added that the likelihood of the SEC approving Ethereum staking for ETFs was already high even before BlackRock’s move. “The only real holdup at this point is the IRS,” he said, confident that the tax-related concerns will eventually be resolved.
ETH Price Registers Strong Gains Eyeing Move Above $4,000
ETH price gained momentum following these positive developments within the Ethereum ecosystem. This has surged by an additional 9% in the last 24 hours. The ETH futures open interest has surged past $52 billion, showing strong bullish sentiment among traders.
Crypto analyst DonAlt believes Ethereum may face short-term resistance at its current monthly level but maintains a bullish outlook. “All-time high is in sight, deserved, and this resistance is trash,” DonAlt added. This signals confidence in Ethereum’s upward momentum.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
