ETH Could Surge to $15K as ETF Inflows Hit Record Highs

Table of Contents

BlackRock’s Ethereum ETF Hits New Milestone

BlackRock’s Ethereum ETF has seen strong inflows for the past 10 consecutive trading sessions, surpassing the $3 billion mark since its launch. The surge in Ethereum (ETH) to $4,000 and Donald Trump’s crypto-friendly policies have driven institutional inflows into Ether ETFs. Market analysts believe that if these inflows continue, ETH could reach $15,000 in the next 6 to 8 months.

According to a report from Farside Investors, BlackRock’s iShares Ethereum ETF (ETHA) has seen inflows for 10 consecutive days, with a total value exceeding $1.3 billion during this period. Since its launch, ETHA has seen total inflows of nearly $3.2 billion.

This surge in demand reflects growing interest in Ethereum-based ETFs, which have attracted a total of more than $2 billion since their launch in July. This comes as the Grayscale Ethereum Trust (ETHE) has seen outflows of $3.5 billion over the same period.

On Thursday, December 12, BlackRock’s Ethereum ETF saw another $202 million in inflows. Grayscale’s mini Ether ETF came in second with over $73 million in inflows. Fidelity’s FETH fund has also seen strong inflows, approaching the $1.4 billion mark since its launch.

BlackRock has high hopes for Ethereum ETFs

BlackRock’s management team also has high hopes for the future performance of the Ethereum ETF. Jay Jacobs, head of ETFs at BlackRock, said:

“We’re just scratching the surface with Bitcoin and Ethereum in particular. Only a small fraction of our clients own ($IBIT and $ETHA), so that’s where we’re focused (rather than launching new altcoin ETFs).”

Is ETH’s Big Rally in the Making?

Ethereum rallied to $4,000 on Thursday, but it’s still facing strong selling pressure at that level. As of press time, ETH is trading down 0.74% at $3,913, with a market cap of $471 billion. Still, analysts remain bullish on Ethereum’s ability to rally in the near future.

According to popular crypto analyst VentureFounder, Ethereum is on track to close out another bullish week, provided it holds above $3,712. The analyst’s long-term forecast suggests that ETH could reach $15,937 by May 2025. In the short-term, VentureFounder believes that if Ethereum continues its three-week bullish streak, it could return to its previous all-time high of $4,900. If capital continues to flow into BlackRock’s Ethereum ETF at the current rate, this could fuel further upside for ETH. However, to reach new highs, ETH first needs to break through the key resistance level at $5,000 and set a new price record.