BlackRock’s Ethereum Trust (ETHA) exchange-traded fund (ETF) sharply increased its Ethereum (ETH) holdings in July, continuing its relentless accumulation.

The ETF added more than 1.25 million ETH during the month, pushing its total stash to over 3 million ETH, according to a disclosure dated July 29, 2025.

At the start of July, ETHA held approximately 1,768,770 ETH. Over the month, it accumulated an additional 1.25 million ETH, bringing the total to 3,018,770 ETH, an increase of about 70.7% in just four weeks.

In dollar terms, the trust’s Ethereum holdings are now valued at $11.36 billion, up from roughly $6.63 billion at the beginning of the month.

BlackRock ETH purchases outpace Bitcoin

Notably, BlackRock, the world’s largest investment management firm, has seen its Ethereum accumulation outpace its Bitcoin (BTC) purchases. 

As reported by Finbold, between July 22 and July 28, the asset manager bought over $1.2 billion worth of Ethereum, more than four times its $267 million investment in Bitcoin over the same period.

On-chain data shows the inflows included multiple 10,000 ETH transfers from Coinbase Prime, as well as a massive single transaction of 177,500 ETH worth $655.9 million.

BlackRock is clearly contributing to the growing institutional interest in Ethereum, which has helped push the asset toward key resistance levels. Notably, Ethereum has staged a strong rally in recent weeks, climbing from below $2,000 to now eyeing the $4,000 mark.

At press time, ETH was trading at $3,806, up over 1% in the past 24 hours, and had gained 4.3% over the past week. 

With Ethereum breaking above the $3,800 resistance level, it now appears well-positioned to test $4,000 if current momentum holds.

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