BlackRock Ethereum ETF has continued to see massive inflows in the last 10 trading sessions, crossing the $3 billion milestone since inception. The resurgence in ETH price to $4,000 and Donald Trump’s crypto-friendly policy influenced institutional inflows in Ether ETFs. Market analysts are confident that if this stream of inflows continues, we can see ETH heading to $15,000 within the next 6 to 8 months. BlackRock Ethereum ETF Hits New Milestone BlackRock’s iShares Ethereum ETF (ETHA) has witnessed inflows for 10 consecutive days, bringing its net inflows above $1.3 billion in this period. As per the data from Farside Investors , the total inflows into ETHA since inception reached nearly $3.2 billion since inception. This surge in demand highlights the growing interest in Ethereum-based exchange-traded funds, which have collectively attracted more than $2 billion in inflows since their launch in July. This comes despite $3.5 billion in outflows from Grayscale Ethereum Trust (ETHE) during the same period. On Thursday, December 12, the BlackRock Ethereum ETF saw an additional $202 million in inflows. The second-best inflows were in Grayscale mini Ether ETF (ETH) which saw more than $73 million in inflows. On the other hand, Fidelity’s FETH has also witnessed strong inflows nearing $1.4 billion since inception. Furthermore, the BlackRock management team also has high hopes for its Ethereum ETF’s future performance. Jay Jacobs of BlackRock at ETFs said: “We’re really just at the tip of the iceberg with Bitcoin and especially ethereum. Just a tiny fraction of our clients own ($IBIT and $ETHA ) so that’s what we’re focused on (vs launching new alt coin ETFs)”. ETH Price Mega Rally In Making? ETH price bounced back to $4,000 on Thursday, however, it continues to face rejection at these levels. As of press time, price of Ethereum is trading 0.74% down at $3,913 with a market cap of $471 billion. Despite this, market analysts continue to be optimistic about Ethereum expecting a mega rally ahead. Ethereum is poised to close another weekly green candle, provided its price stays above $3,712, according to prominent crypto analyst VentureFounder. The analyst’s long-term outlook places ETH price to reach a target of $15,937 by May 2025. In the short term, VentureFounder suggests Ethereum’s next three-week green candle could push the cryptocurrency to its previous all-time high of $4,900. Courtesy: TradingView Thus, if inflows into BlackRock Ethereum ETF continue at the same pace, it can lead to further gains for ETH. However, the asset needed to first break past its crucial resistance from Ethereum price to target $5,000 and fresh all-time highs ahead. The post BlackRock Ethereum ETF Hits $3B Milestone, ETH Price To $15,000 in 2025? appeared first on CoinGape .
