As the world’s largest asset manager, BlackRock has clearly shown interest in Ethereum. Since May 9, 2025, the company has purchased 269,000 ETH, totaling $673.4 million. This acquisition was made while reducing Bitcoin ETF holdings, signaling a strategic shift toward Ethereum. 

In April 2025, BlackRock executives met with the U.S. Securities and Exchange Commission (SEC) to discuss ETH staking and tokenization, laying the groundwork for institutional interest. The substantial ETH purchases following these meetings reflect the company’s confidence in Ethereum’s regulatory position and future utility. Given BlackRock’s previous role in Bitcoin’s price rally, the probability of a similar surge in Ethereum has strengthened. 

BlackRock’s iShares Ethereum 

BlackRock’s iShares Ethereum Trust (ETHA) has solidified its leadership in the spot Ethereum ETF market with the latest figures. Since its inception, ETHA has surpassed $5 billion in cumulative net inflows, achieving the longest streak of uninterrupted inflows in 2025. On Wednesday, June 11, 2025 alone, it recorded $163.6 million in net inflows, significantly contributing to the total for all spot Ethereum ETFs and even surpassing Bitcoin ETF inflows. 

ETHA’s assets under management (AUM) reached $4.23 billion and it holds approximately 1.55 million ETH. Its stock price surged above $21 after gaining more than 50% over the last two months, reflecting institutional investors’ strong confidence in Ethereum. This marks the highest price level since February. 

 ETF Store President Nate Geraci noted: 

“18 straight days of inflows into spot ETH ETFs… Nearly $250 million today. And still no staking or in-kind creation/redemption. Very early.” 

So far this week, BlackRock’s iShares Ethereum Trust has contributed over $250 million in inflows. Consequently, the ETHA stock price surged to $21. Over the past two months since “Trump Liberation Day,” the stock has risen over 50%, making ETHA a clear favorite among investors. 

Ethereum Network Developments and Market Dynamics 

The Ethereum network has shown strong recovery recently. In May 2025, the total number of transactions reached 42 million — the highest since May 2021. Daily active addresses exceeded 440,000. Monthly transaction fee revenue rose to $42.5 million, nearly double compared to April. 

Decentralized exchange (DEX) volume rose to $70.5 billion, indicating renewed activity in the ecosystem. Ethereum’s stablecoin supply reached an all-time high of $125 billion. These data highlight increased network usage and expanding economic activity, marking an end to ETH’s price stagnation. 

Rising demand and the token burn mechanism are shrinking supply, potentially adding upward pressure on prices in coming quarters. On the other hand, the ETH/BTC ratio is trading around 0.03 — its lowest level in six years. Historically, such levels have coincided with trend reversals. According to analysts, the weekly RSI reaching extremely low levels also signals a strong potential for Ethereum to outperform Bitcoin.

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The post BlackRock’s Major Ethereum Move: ETF and Market Impacts appeared first on Coin Engineer.

Ethereum Staking Surges To Record Levels

After reclaiming the $2,700 mark—a level not seen in nearly two weeks—Ethereum has hit another major milestone: a record amount of ETH locked in staking.

According to Beacon Chain, the total amount of Ethereum staked reached 34.65 million ETH, surpassing the previous record set in November 2024. The number had remained relatively stable above 33 million for the past year but began to rise again in June, signaling renewed confidence from long-term holders.

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This trend indicates that more investors prefer staking rewards over potential short-term gains, opting to hold their Ethereum rather than sell at current prices.

Nearly 30% Of Circulating Supply Staked

Both Dune Analytics and Ultrasound.Money confirm that the total staked Ethereum has climbed to around 34.8 million ETH, representing roughly 28.7% of the current 120.8 million ETH circulating supply.

This record coincides with growing anticipation around the potential approval of spot Ethereum ETF staking in the U.S. REX Shares recently submitted a proposal that employs regulatory workarounds, suggesting we might see ETF-based staked ETH products launched in the coming weeks.

Institutional Demand And Price Movement Align

Institutional activity is also ramping up. BlackRock’s iShares Ethereum ETF (ETHA) has logged 23 consecutive trading days without a single outflow, reflecting bullish sentiment in anticipation of regulatory clarity.

The price of Ethereum surged more than 8% on Tuesday, touching $2,700 for the first time since May 29. This level has acted as a resistance point four times in the past month, so a breakout here could signal the beginning of a new upward trend.

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Approved Ethereum ETFs

iShares Ethereum Trust (BlackRock)

Fidelity Ethereum Fund (Fidelity Investments)

VanEck Ethereum ETF (VanEck)

21Shares Ethereum ETF (21Shares)

Bitwise Spot Ethereum ETF (Bitwise Asset Management)

Increased Participation Expected

Experts believe that the launch of spot Ethereum ETFs will provide a significant access point for traditional investors who were previously hesitant to invest in cryptocurrency, and will increase interest in Ethereum. This could lead to an increase in the Ethereum price due to increased demand.

Some analysts, such as Kaiko Research, point to past experiences such as the low demand for futures-based Ethereum ETFs launched last year, and note that the impact of spot ETFs on price could be uncertain.

The Ethereum price, which has fallen about 1.2% in the last 24 hours (currently trading at $3,458), faces significant resistance at the $3,500 level, according to analysts’ comments. It is difficult to predict which direction the price will go in the short term due to the impact of spot ETFs.

The approval of spot Ethereum ETFs is considered a turning point for the Ethereum and cryptocurrency markets. While an increase in the Ethereum price is expected in the long term due to the participation of a wider investor base, price fluctuations are likely to occur in the short term. Investors should make informed investment decisions by following these developments and analyzing the market.

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The post Spot Ethereum ETFs Approved: Historic Day for Crypto appeared first on Coin Engineer.

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According to the filing announced on Wednesday, “The Commission finds it appropriate to establish a longer period for acting on the proposed rule change in order to have sufficient time to evaluate the proposed rule change and the issues raised therein.”

The SEC will now have until March 10 to approve, disapprove, or initiate further proceedings on the proposed fund.

BlackRock filed for its own spot ETH ETF, called the iShares Ethereum Trust, in November of last year. According to a filing published last week, Fidelity’s Ethereum Fund proposal was also delayed.

Bloomberg Intelligence ETF analyst James Seyffart said in a statement that delays in spot Ethereum ETF proposals are likely to continue.

In a tweet on Wednesday, Seyffart said, “Spot ETH ETF Delays will continue to occur sporadically over the next few months. The important date is May 23.”

Will SEC Approve Spot Ethereum ETF?

Crypto experts are both optimistic and pessimistic about the likelihood of a spot Ether ETF soon. Some also believe that an approval from the SEC could come as early as May, following the approval of spot bitcoin ETFs earlier this month.

Securities and Exchange Commission Chairman Gary Gensler has been somewhat cool to the idea of other crypto-linked exchange-traded products.

Gensler previously said at a media briefing, “As I said two weeks ago, what we’re doing with respect to Bitcoin exchange-traded products is that it is a single non-security commodity and should be read as nothing else.”

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The post SEC Delays Decision on BlackRock’s Ethereum ETF appeared first on Coin Engineer.