• BlackRock increased its Ethereum holdings by $1.3B, reaching a total market value of $10.47 billion.
• ETHA became the third-fastest ETF globally to surpass $10B in assets, achieving it in just 251 days.
• Ethereum trades near $3,900 with RSI at 82.07 and MACD at 304.46, signaling strong but overbought momentum.

As of July 24, 2025, BlackRock’s Ethereum holdings reached a market value of $10.47 billion. The portfolio includes 2,804,226 ETH shares under the alternative asset class. Compared to previous holdings, this reflects a $1.3 billion increase in Ethereum investments within the week.

The ETH allocation now accounts for 100% of their crypto-related investment weight. USD cash holdings remain minimal at $71,937.74 with no significant portfolio impact. The notional value for ETH matches its market value, confirming full exposure. This data confirms a large capital movement into Ethereum. BlackRock continues increasing its crypto exposure through direct ETH accumulation without diversification.

BlackRock’s Spot Ethereum ETF Becomes Third-Fastest Growing Globally

BlackRock’s spot Ethereum exchange-traded fund has reached $10 billion in assets under management within just 251 days. This rapid growth places the iShares Ethereum ETF (ETHA) among the fastest-expanding ETFs globally, joining two other cryptocurrency ETFs in the top three rankings. According to a recent post by Bloomberg ETF analyst Eric Balchunas, ETHA doubled its assets from $5 billion to $10 billion in only 10 days. 

The jump was recorded as one of the sharpest surges in ETF history across any sector or asset class. This pace surpasses most traditional ETF records and reflects a significant market response. ETHA reached the $10 billion mark faster than the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which needed 444 days. ETHA’s 251-day timeline pushes JEPQ to fourth position among all ETFs that hit the same milestone. 

JEPQ had previously ranked among the fastest-growing equity-focused funds before being outpaced by crypto-based ETFs. All three of the fastest-growing ETFs to cross $10 billion in assets are now tied to spot cryptocurrency markets. Nate Geraci, president of NovaDius Wealth Management, pointed out that this growth stands out in the ETF industry. With more than 4,400 ETF products launched over the past 30 years, few have matched this rate.

Can This Continued Adoption Initiate a Bullish Trend for Ethereum?

Coupled with continued adoption in Ethereum ETFs, a recent TradingView technical analysis indicates that the Ethereum (ETH) daily chart shows consistent upward movement within a rising channel since early 2025. The price reached $3,897.98 on July 28, 2025, with a high of $3,941.86 for the day. 

The RSI (14) reads 82.07, placing ETH in overbought territory for a second time this year. A previous RSI peak of 82.17 in March preceded a reversal. The MACD line stands at 304.46 while the signal line is at 286.05, indicating continued bullish momentum. The histogram reflects positive divergence, with a current MACD histogram value of 18.41.

Price remains in the upper region of the ascending channel. Both MACD and RSI support a strong upward trend. However, an RSI above 80 has historically aligned with local peaks. Price movement stays above key support near $2,800.