- BlackRock’s $27.2M ETH withdrawal and $98M ETF inflow signal strong institutional confidence amid Ethereum’s market consolidation.
- Ethereum’s 20M accumulation addresses and sustained user growth reflect rising long-term conviction despite price fluctuations.
- Despite a 19% weekly drop in active users, ETH’s ecosystem activity and ETF demand show robust investor engagement and network resilience.
BlackRock made headlines after withdrawing $27.2 million worth of Ethereum from Binance in just five hours. This move signals intensified institutional accumulation despite recent market volatility. Ethereum’s price dip has attracted smart money interest, and BlackRock’s decision holds massive weight. The asset manager’s actions can easily impact Ethereum’s market structure. Consequently, every move from BlackRock is watched closely as a macro signal across crypto.
Besides institutional buys, Ethereum’s network activity is red-hot. On-chain data reveals weekly active addresses currently sit at over 13.2 million. This is a 19.34% drop from the previous week, yet engagement levels remain historically elevated. Multi-chain addresses slightly increased, while the Layer 2 multiplier dropped 24.83%, now standing at 5.04x. Hence, although short-term volatility exists, Ethereum’s long-term user base continues to grow at scale.
Ethereum Accumulation Reaches New Heights
Moreover, balance accumulation data shows exponential growth across all market cycles. Since 2017, accumulation addresses have trended upward regardless of ETH price swings. A new milestone has emerged in 2025 with nearly 20 million accumulation addresses. Even when ETH traded below $2,000 in 2022 and 2023, addresses kept climbing.
Source: Crypto Rover
Furthermore, Ethereum’s current price near $3,500 has not slowed this behavior. The divergence between price action and address accumulation highlights a maturing investor base. Historically, accumulation precedes major rallies. Hence, the current setup hints at potential upside ahead. Additionally, the growing number of accumulation addresses signals deepening faith in Ethereum’s future.
U.S. Spot ETH ETFs Show Growing Interest
On the institutional front, Ethereum ETFs are gaining traction. On June 24, U.S. spot ETH ETFs recorded $71.3 million in net inflows. Notably, BlackRock’s ETHA alone pulled in $98 million, leading the charge. However, Fidelity’s FETH experienced a $26.7 million outflow. Other ETFs remained neutral in flow activity.
This is the second consecutive day of net inflows for Ethereum ETFs. Consequently, the surge in interest may reflect renewed investor confidence following regulatory progress. Coupled with on-chain metrics and large-scale accumulation, Ethereum appears poised for a breakout.
