BlackRock’s ETHA Reaches $10B in Just 251 Days
BlackRock’s iShares Ethereum ETF (ETHA) has smashed records by hitting $10 billion in assets under management (AUM) just 251 days after launch. This achievement places ETHA as the third-fastest ETF in U.S. history to reach this level—only behind two spot Bitcoin ETFs.
Eric Balchunas, a senior ETF analyst at Bloomberg, called ETHA’s surge a “God candle” moment, referencing how quickly it doubled from $5 billion to $10 billion in only 10 days.
Faster Than Traditional ETFs
In comparison, other major ETFs took significantly longer to reach the same milestone. The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) needed 444 days to cross $10 billion.
ETHA is now officially the fastest-growing non-Bitcoin ETF in U.S. market history.
Nate Geraci, President of The ETF Store, noted this rapid growth is rare in the ETF space, highlighting how all top 3 fastest-growing ETFs globally are crypto-linked—reflecting a paradigm shift in investor interest over the past 30 years, which saw the launch of more than 4,400 ETFs.
Ethereum ETF Inflows Gaining Momentum
According to SoSoValue, ETHA is not alone. Ethereum ETFs have now posted 14 consecutive days of inflows, with $4.4 billion entering Ether funds since July 3. A one-day record of $726.7 million also set a high-water mark for Ethereum-linked funds.
In contrast, spot Bitcoin ETFs experienced $289 million in outflows over a three-day period, ending a 12-day inflow streak. This shift suggests a rising investor preference for Ethereum, potentially driven by price gains and the growing appeal of Ethereum staking.
Ethereum Outperforms Bitcoin in Recent Surge
Ethereum (ETH) has outpaced Bitcoin (BTC) over the past month, with ETH now over 50% higher than a month ago and more than 100% up since mid-May. ETHA has consistently ranked among the top 5 ETFs by both weekly and monthly inflows.
Investors are also eyeing BlackRock’s application to allow ETHA to participate in Ethereum staking, which would introduce potential yield along with price appreciation—making it a more attractive asset for institutional portfolios.
Ethereum’s Reputation Elevated by Institutional Adoption
ETHA’s meteoric rise may signal a shift in perception: Ethereum is no longer just a second-tier crypto asset. Thanks to record-breaking inflows, staking opportunities, and institutional participation, Ethereum is increasingly viewed as a serious contender in mainstream finance.
Conclusion
Institutional investors are rapidly pivoting from Bitcoin to Ethereum. It took just 10 days for ETHA to double its AUM from $5B to $10B—a feat unmatched by any other non-BTC ETF. As Ethereum ETFs gain momentum and the staking option looms, ETH is proving to be a cornerstone of the next era in crypto investment.
