BlackRock has purchased $158.6 million in Ethereum (ETH), raising its total holdings to $4.45 billion. That represents about 1.5% of all ETH currently in circulation. This move comes during a broader institutional Ethereum accumulation trend. Over the past two months, BlackRock has added $1.5 billion worth of ETH.
This data confirms a steady rise in institutional Ethereum accumulation, though ETH price has remained below $3,000.
ETH ETF Inflows Led by BlackRock
BlackRock also dominated recent ETH ETF inflows. According to Farside Investors, BlackRock’s ETHA recorded over 75% of the total $211.3 million in inflows on Wednesday. Fidelity’s FETH followed with $29.5 million, while Grayscale’s ETH had $18 million.
ETH ETF inflows have continued for eight consecutive weeks. These spot Ethereum ETFs have now recorded inflows totaling over 61,000 ETH.
In the last 30 days, institutional Ethereum accumulation has exceeded $830 million. BlackRock, SharpLink Gaming, and Bit Digital led these purchases. Bit Digital shifted its holdings fully into Ethereum, now controlling $254.8 million in ETH. SharpLink adopted Ethereum as a treasury asset and currently holds 176,271 ETH, valued at more than $490 million.
The trend supports ongoing institutional Ethereum accumulation, with multiple firms adjusting their reserves.
Ethereum Whale Wallets Show Increased Activity
On-chain data shows a noticeable rise in Ethereum whale wallets. Analysts reported coordinated accumulation among large holders. Merlijn The Trader, a well-followed analyst on X, posted a chart showing accumulation patterns similar to Ethereum’s 2016–2017 cycle.
The pattern shared includes phases labeled as accumulation, a breakout, and a sharp rally. He pointed to large Ethereum whale wallet movements as a supporting indicator.
Ethereum price action remains limited despite high ETH ETF inflows and institutional buying. At press time, ETH trades around $2,787, showing a 6% increase over the past 24 hours. Still, it has not managed to cross the $3,000 mark.
BeInCrypto earlier reported that ETH trading volume recently surpassed Bitcoin’s. The report noted rising market interest but also mentioned concerns tied to Bitcoin price pressure that could affect ETH.
Ethereum Ecosystem Sees Continued Use
The Ethereum network continues to host most stablecoin activity through its ERC-20 token standard. Ethereum Foundation activity remains steady, with some efforts aimed at community coordination.
Meanwhile, ETH ETFs continue attracting capital. Institutional Ethereum accumulation appears to remain active, even as ETH price growth stays limited.