BlackRock has purchased over $314.9 million worth of Ethereum (ETH) through its spot ETF, ETHA, as confirmed by blockchain data from Arkham. The purchases took place over a five-day period leading up to August 25 and were executed via Coinbase Prime, a custody platform used by institutions. Multiple large transactions were recorded, including repeated 10,000 ETH transfers—each worth approximately $46 million at the time—along with a 2,691 ETH deposit.
This is one of the largest Ethereum acquisitions ever made by an institutional ETF manager. It comes at a time when Ethereum ETFs are seeing strong interest following several weeks of mixed sentiment and net outflows.
Ethereum ETFs Record $443.9M Daily Inflow, Outpacing Bitcoin Funds
On August 25, Ethereum spot ETFs pulled in $443.91 million in net inflows. In comparison, Bitcoin (BTC) ETFs recorded only $219 million in inflows on the same day. This indicates a clear shift in institutional capital toward Ethereum.
The ETHA ETF from BlackRock accounted for the majority of Ethereum’s daily inflow, followed by Fidelity’s FETH, which added $87.4 million, and Grayscale’s ETH product, which recorded $53.3 million in new allocations. The trend continued into August 26, when Ethereum ETFs added another 104,498 ETH to their holdings—worth approximately $470 million. Meanwhile, Bitcoin ETFs brought in just 1,673 BTC, valued at $184 million.
Ethereum’s price jumped above $4,520 on August 25, gaining 3.40% over the course of the day. It opened the session near $4,378 and maintained upward momentum after the large ETF purchases were executed.
TradingView data shows that ETH has gained 4.89% over the past week and 20.90% in the last 30 days. Over a six-month period, the asset is up 93.99%, and it has climbed 35.91% since the beginning of 2025.
The strong price performance is being attributed directly to rising institutional demand, as well as growing expectations that Ethereum will benefit from increased regulatory clarity and broader adoption of Ethereum-based assets.
Why Institutions Are Now Favoring Ethereum Over Bitcoin
Institutions appear to be rotating capital from Bitcoin into Ethereum due to Ethereum’s ability to offer staking rewards and utility beyond simple value storage. Ethereum’s proof-of-stake model allows holders to earn annual yields of around 4% to 6%, a feature Bitcoin does not offer.
In addition to staking, Ethereum is the base layer for a wide range of blockchain applications, including smart contracts, DeFi protocols, and stablecoins. The majority of stablecoins such as USDC and USDT operate on Ethereum, making the network central to the crypto economy.
The regulatory environment has also contributed to the rotation. The U.S. Congress recently passed the GENIUS Act. This is a legislative framework that supports stablecoin issuance and compliance. Since most stablecoins run on Ethereum, the new law strengthens ETH’s long-term position in finance.
Public companies are also starting to add ETH to their balance sheets. Reuters reports that firms now hold more than 966,000 ETH—worth about $3.5 billion—in their treasuries. Firms such as BitMine Immersion, SharpLink Gaming, and Bit Digital have publicly reported Ethereum holdings in recent filings.
Analysts See ETH at $10,000 to $12,000 by End of 2025
Tom Lee, chairman of BitMine and head of research at Fundstrat, said Ethereum could reach $5,500 in the short term. He believes that if ETF inflows continue and institutional interest holds, ETH could trade between $10,000 and $12,000 by the end of 2025.
While technical resistance remains near the $4,800 to $5,000 range, analysts agree that breaking this level could open the door for higher targets. Ethereum’s growing use case in real-world tokenization, staking, and corporate finance could accelerate this move.
