Ethereum Price Tests $3000 Amid Record Inflows to BlackRock’s ETF

Amid Bitcoin’s new highs, the price of the second-largest cryptocurrency by market capitalization surpassed the $3000 mark for the first time since early February.

At the time of writing, the quotes are slightly below this ’round’ level. Over the past 24 hours, the asset has risen by 7.5%, reaching a market capitalization of $360 billion, according to CoinGecko. 

The chart above shows that on April 9, amid global panic over Donald Trump’s ‘liberation tariffs’, the price of Ether reached a local minimum of $1385. Since then, the cryptocurrency has appreciated by 115%.

The BlackRock Factor

In the past 24 hours, inflows into the Ethereum ETF amounted to $383 million. The majority of this sum — $300 million — was provided by the ETHA fund, managed by financial giant BlackRock.

Cumulative inflows into these instruments since their launch have exceeded $5 billion. The total assets under management by ETF providers reached $12.5 billion, which is 3.67% of Ethereum’s market capitalization.

The chart below shows that inflows into exchange-traded funds have continued for the fifth consecutive day, with a noticeable increase in volumes recorded the previous day.

The previous record for net inflows into ETHA was set on December 5 — $292.7 million.

Nate Geraci, head of NovaDius Wealth Management (formerly The ETF Store), noted that the cumulative inflow of $383 million is the second-largest since the launch of spot Ethereum ETFs in July 2024.

We have a *new* daily inflow record for iShares Ethereum ETF…

$300+mil.

2nd best day for spot eth ETFs overall since July 2024 launch.

— Nate Geraci (@NateGeraci) July 11, 2025

The record total inflow of $428.5 million was also recorded on December 5.

SharpLink

SharpLink Gaming (SBET) continued to increase its Ethereum reserves. The company acquired an additional 10,000 ETH — this time directly from the Ethereum Foundation.

NEW: SharpLink has acquired 10,000 $ETH directly from the Ethereum Foundation

The purchase closed at ~$25.7M, with $ETH acquired at an average price of ~$2,572

Ethereum is entering a new era of institutional relevance, and we’re proud to support its long-term strength and… pic.twitter.com/ow1e2PXQ1W

— SBET (SharpLink Gaming) (@SharpLinkGaming) July 11, 2025

The total purchase cost amounted to $25.7 million (at an acquisition price of $2572).

“Ethereum is entering a new phase of institutional significance. We are pleased to support its resilience and development,” company representatives wrote. 

Based in Minneapolis, SharpLink Gaming collaborates with online bookmakers and casinos through affiliate programs and other marketing initiatives.

In early June, the firm radically changed its strategy and began actively accumulating ETH after raising $425 million in a private placement involving Consensys. Around the same time, Ethereum co-founder Joseph Lubin became the chairman of the company’s board.

As reported, the Ethereum Foundation announced a plan for full integration of zero-knowledge proofs into the main network.