Ethereum has become a somewhat controversial asset among crypto investors because of its notable underperformance in 2024. In the last 365 days, ETH is only up 17.3%, while BTC gained 126% and XRP increased by a whopping 388% in the same time period.
However, Ethereum is still a very formidable contender in the smart contracts sector and could have significant upside compared to other top crypto assets.
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BlackRock’s Ethereum ETF adds $276 million worth of ETH
With the price of ETH crashing well below the $3,000 mark over the weekend, some investors were quick to “buy the dip”, as spot Ethereum ETFs in the United States saw $307 million in net inflows on Tuesday.
This was the third-highest daily net inflow in the history of spot Ethereum ETFs (the record was set on December 5, 2025 at $428 million).
The iShares Ethereum Trust ETF (ETHA), a spot Ethereum ETF issued by asset management giant BlackRock, bought $276 million worth of ETH yesterday, bringing its total holdings to over 1.35 million ETH.
BlackRock bought 100,535 $ETH($276M) yesterday and currently holds 1,352,934 $ETH($3.71B).https://t.co/sefS6WTlHz pic.twitter.com/tDywIg1eph
— Lookonchain (@lookonchain) February 5, 2025
Ethereum to $10,000 in 2025?
The strong ETF inflows at these prices are a bullish signal for ETH, suggesting investors are seeing the current price levels as a good entry point. This sentiment was recently also expressed by Eric Trump, who says that it’s now a great time to add ETH. On top of Eric Trump’s bullish call, several crypto market analysts have suggested that ETH has the potential to reach $10,000 in 2025.
The algorithmic Ethereum price prediction on CoinCodex is also optimistic about Ethereum’s prospects, as it’s currently forecasting ETH to reach as high as $7,650 in 2025.
Source: https://coincodex.com/article/62385/investors-pour-307-million-in-ethereum-etfs-is-smart-money-buying-the-eth-dip/