BlackRock Increases Ethereum Assets to $10.47 Billion as Price Soars Within a Bullish Growth Trend
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In a remarkable turn of events, BlackRock's Ethereum exchange-traded fund (ETHA) has witnessed an unprecedented surge, reaching a staggering $10 billion in assets under management within just 251 days. This rapid growth places ETHA among the fastest-expanding ETFs globally and reflects a significant market response to the cryptocurrency's potential.
The ETF's growth pace surpasses most traditional ETF records, with its assets doubling from $5 billion to $10 billion in a mere 10 days. This rapid expansion has propelled ETHA to fourth position among all ETFs that have hit the same milestone, with ETHA's 251-day timeline pushing JEPQ to fourth place.
The TradingView technical analysis indicates a consistent upward movement in Ethereum (ETH) since early 2025. The MACD line for Ethereum stands at 304.46, while the signal line is at 286.05, indicating continued bullish momentum. Moreover, the RSI (14) for Ethereum is currently at 82.07, placing it in overbought territory for a second time in 2025. Historically, an RSI above 80 has aligned with local peaks in Ethereum's price movement.
On July 28, 2025, the price of Ethereum reached an all-time high of $3,897.98, with a daily high of $3,941.86. The price remains above key support near $2,800 and in the upper region of the ascending channel, suggesting a strong upward trend.
The success of ETHA is not only a testament to the growing institutional demand and investor confidence in Ethereum but also a significant step towards enhancing the cryptocurrency's bullish trend. BlackRock's ETF, which has attracted nearly $4 billion in net inflows in less than a month, reflects this growing interest.
The staking plan, currently under SEC review, would allow the ETF to stake its Ether holdings, generating additional rewards treated as fund income. This could potentially increase returns for investors, making the ETF more attractive and driving further inflows into Ethereum, creating upward price pressure. The SEC's formal acknowledgment of the filing and the anticipated approval by late 2025 or early 2026 signal regulatory acceptance of staking mechanisms, which have been a major factor in Ethereum’s bullish case due to the incentives they create for holding and using ETH.
In summary, the growth of BlackRock's ETHA and its staking proposal support a strong bullish outlook for Ethereum by enhancing institutional adoption, locking up supply through staking, and increasing investor returns—which together tend to drive Ethereum price appreciation. The MACD histogram reflects positive divergence with a current value of 18.41, further strengthening the bullish case for Ethereum. The ETHA's growth is one of the sharpest surges in ETF history across any sector or asset class, signaling a promising future for Ethereum and the cryptocurrency market as a whole.
Cryptocurrency's potential, as demonstrated by Ethereum, has attracted significant institutional demand, leading to the unprecedented growth of BlackRock's Ethereum exchange-traded fund (ETHA). This rapid expansion could further fuel the crypto sports market, as more investors turn their attention to cryptocurrencies.
The success of ETHA and the staking proposal under SEC review could potentially increase returns for investors, driving further inflows into cryptocurrencies and even inspiring the development of similar ETFs focused on cryptocurrency investments in the sports sector.
