BlackRock’s Ethereum trust keeps attracting fresh money. Over the last 9 U.S. sessions, the iShares Ethereum Trust, ticker ETHA, brought in about $1.02 billion in net inflows, more than 70% of total U.S. spot Ether ETF flows in that span. The demand has been heavily concentrated in one fund and unusually steady. The next thing to watch is whether that buying pressure is starting to show up on the price chart.
Ethereum has mostly held below resistance at $2,484. Over these 48 hourly candles, price edged up just 0.36%, closing at $2,480.70. The breakout hasn’t confirmed, despite steady fund inflows.
What matters here is concentration. Most of that demand is flowing through BlackRock’s fund, so the buying is clearly persistent, but it still has not pushed Ethereum through resistance. Until price confirms, this reads as steady accumulation led by one vehicle, not a broader breakout across the market.