BlackRock added over $1.1B in ETH in just two days, signaling a strong shift by big players toward Ethereum over Bitcoin.
Ethereum ETF inflows topped Bitcoin by $50M as staking updates and rising prices attract more institutional confidence and demand.
BlackRock now holds $8.9B worth of ETH as Ethereum’s growing use and staking potential drive new investment strategies among top firms.
BlackRock has stepped up its Ethereum purchases, signaling a major shift in institutional preferences. On July 17, the asset manager added 158,875 ETH worth $574 million. This move pushed its two-day Ethereum total to 307,461 ETH, valued at $1.11 billion. As of now, BlackRock holds 2.46 million ETH, worth $8.9 billion.
Meanwhile, BlackRock’s Bitcoin ETF only saw $497.3 million in inflows during the same period. The difference of $50 million shows an ETH advantage. Ethereum inflows outpaced Bitcoin despite BTC’s dominance in past portfolios.
Institutional Appetite for ETH Strengthens
The iShares Ethereum ETF recorded its strongest weekly inflow last week. It attracted $546.7 million in capital, surpassing Bitcoin’s ETF inflows. Hence, Ethereum’s edge continues to widen among institutional players.
Moreover, Arkham Intelligence shared that BlackRock is buying ETH at five times the Bitcoin rate, when adjusted by market cap. This trend highlights Ethereum's growing appeal. Institutions now view ETH as more than just a cryptocurrency—it’s a utility asset with evolving fundamentals.
Additionally, Nasdaq’s amendment proposal to allow staking in the ETF has played a vital role. The change would replace a previous clause that restricted staking. Though still pending approval, the update has driven more ETH interest.
Ethereum’s Utility Boosts Market Sentiment
Ethereum has also rallied in price. At the time of writing, ETH trades at $3,624, up 46% over the past month. Dormant wallets are reactivating. Whale accumulation is rising. This reflects a bullish long-term outlook among large holders.
Besides, BlackRock’s ETH stake already exceeded its BTC allocation earlier this month. Back then, ETH holdings stood at $156 million, ahead of Bitcoin’s $125 million. Since then, Ethereum's share has grown faster, reinforcing changing investment strategies.
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