BlackRock's appetite does not stop at a simple accounting entry. It structures the market, influences flows, shapes narratives. And above all, it captures part of the power.

◽2,001,081 ETH in possession, that is, 1.65% of the total supply;

◽5.6 billion $ in assets under management for ETHA;

◽17% weekly increase in the ETF price;

106,827 ETH bought in one day (July 10);

◽13.5 billion $ managed by U.S. Ethereum ETFs.

This power is discreet but real. When ETFs massively withdraw Ethereum from the market, it reduces liquidity, modifies balances, distorts order book transparency. And paradoxically, it centralizes influence.

Crypto was dreamed to be egalitarian, distributed, transparent. Discover the dilemmas of an economy dominated by funds, indices, and large players. With ETHA, BlackRock plays on all fronts: security, regulation, volume… and implicit control. Purists will say that the infrastructure remains free. But where will governance go when liquidity becomes scarce?

While Ethereum is monitored by ETFs, BlackRock continues to push its advantage. As for Bitcoin, the giant holds over 700,000 BTC in possession. The path to the future of finance is being drawn under its boots.

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