ETH Surges to $3,000 as BlackRock’s Ethereum ETF Hits Record Trading Volume

On July 11, 2025, Ethereum’s native token ETH surged 8.76% within 24 hours, climbing to $3,024.90 and surpassing the $3,000 threshold for the first time since February 18, 2025. The rally outpaced other major cryptocurrencies such as Bitcoin, XRP, and Solana. With a 24-hour trading volume of $37.69 billion, the surge signals heightened market activity and renewed investor confidence, positioning Ethereum as a leading force in the crypto space.

ETF Activity Fuels Price Rally

The price surge is largely attributed to unprecedented trading activity in BlackRock’s iShares Ethereum Trust ETF (ETHA), listed on Nasdaq. On July 9, 2025, ETHA recorded a record-breaking 44 million shares traded—its highest daily volume since launch. The momentum persisted, with 40 million shares traded on July 10, reflecting sustained institutional enthusiasm.

Source: Yahoo Finance

Daily inflows peaked at over $300 million on July 10, marking the highest single-day inflow since ETHA’s debut.

Source: SoSoValue

From June 30 to July 3, ETHA attracted $99.4 million of the $219 million total inflows across Ethereum ETFs. Since June, cumulative inflows into ETHA have surpassed $1.2 billion, reinforcing market confidence.

Source: SoSoValue

The tokenization narrative has added further fuel to the rally. “The tokenization narrative is driving renewed interest in ETH, as investors see its potential beyond a store of value,” one analyst noted.

Institutional Momentum Drives Market Rally

Institutional demand continues to drive Ethereum’s rally. BlackRock now manages over $5.48 billion in assets through ETHA, holding approximately 1.816 million ETH.

SharpLink, BitMine, Blockchain Technology Consensus Solutions, and Bit Digital have all made significant strategic moves to accumulate Ethereum. Among them, SharpLink Gaming stands out as the second-largest ETH holder in the Strategic ETH Reserve (SER) initiative. As of July 11, 2025, the company holds 205,957 ETH, valued at approximately $611.5 million—a level that is closing in on the Ethereum Foundation’s reserve of 243,485 ETH.

Bitcoin recently surged past $118,000, hitting a fresh all-time high, buoyed by approximately $1.18 billion in ETF inflows on that same trading day. This strong inflow momentum has in turn bolstered broader market sentiment, laying a supportive foundation for Ethereum’s rally.