BlackRock Drives Ethereum Surge with $673M Investment Move
Ethereum’s market outlook is gaining significant momentum, with a major boost in confidence attributed to global asset management giant BlackRock.
As a demonstration of its support, BlackRock is said to have purchased 269,000 ETH since May 9, 2025, worth around $673.4 million, in a dramatic display of support.
This bold amassing represents 0.23 percent of the entire Ethereum supply and is a definite reversal of the steps taken by the firm in the recent past to de-emphasize its relationship with Bitcoin ETFs. This is being interpreted by industry analysts as a very positive sign that the investment powerhouse sees Ethereum dominating the digital asset sector in the long term.
Ethereum Positioned as Financial Infrastructure
The timing does not come as a coincidence. In April, BlackRock officials met privately with the U.S. Securities and Exchange Commission (SEC) to discuss Ethereum staking and tokenization as a potential precursor to regulatory guidance that could usher in even greater institutional involvement.
“It is not simply a price bet, it is a bet on the future of finance,” crypto analyst Axel Bitblaze observed. The positioning of Ethereum is as infrastructure rather than as an asset.
The on-chain data of Ethereum does paint a picture of rebirth indeed. Following several months of muted activity, May witnessed a spectacular increase in the number of total transactions to 42 million: the highest in four years.
The number of daily active addresses jumped to over 440,000, and monthly network fees doubled to $42.5 million. In the meanwhile, the decentralized exchange volumes reached $70.5 billion, which solidifies the platform’s centrality within the DeFi landscape.
The supply of stablecoins on the network has reached an all-time high of $125 billion, further solidifying Ethereum as a settlement layer in digital finance. Together with the surging demand and a deflationary token burn mechanic, a supply squeeze is theorized by many analysts to push the price further up.
Ethereum Compared to Traditional Assets
To further add to the mania, SharpLink Gaming sent markets into a tizzy last week when it announced a $1 billion capital raise, of which almost all is allocated to Ethereum.
The company stock skyrocketed 1,400 percent after it announced a new ETH-based business model: an unexpected show of confidence that might encourage a wider trend among technology-focused firms.
Technical indicators also support market sentiment. The ETH/BTC ratio is at a six-year low of around 0.03, which has historically indicated turning points. The weekly relative strength index (RSI) of the pair registered an unprecedented low, indicating oversold conditions that have in many occasions been followed by rallies.
As Ethereum is now spoken in one breath with traditional financial assets and as the hype continues to gain traction in all possible metrics, the upcoming quarters may be ground-shifting. Bitblaze estimates ETH to finish 2025 at $6,000-6,500, suggesting a possible breakout to $9,000 in early 2026.
The setup is eerily reminiscent of the 2017 altcoin mania, he added. But this time, it’s bigger, more mature, and institutionally backed. Ethereum could be writing the next chapter of crypto history.
