BlackRock’s Ethereum ETF Nears $10 Billion Amid Rising ETH Trading Volume Surpassing Bitcoin

Key Points

1. BlackRock’s Ethereum ETF (ETHA) doubled its assets from $5 billion to over $10 billion in just ten days, becoming the third-fastest ETF to reach this milestone.

2. ETHA captured $1.76 billion of the $2.18 billion total inflows in the Ethereum ETF sector over the past week, marking the strongest weekly performance for Ethereum ETFs.

3. Ethereum’s spot trading volume exceeded Bitcoin’s for the first time in over a year, with ETH recording $25.7 billion compared to Bitcoin’s $24.4 billion last week.

4. BlackRock filed to integrate staking features into its ETH ETF, potentially enhancing its appeal and aligning with decentralized finance trends.

5. The rapid growth of ETHA and Ethereum’s trading volume reflects increasing investor confidence in Ethereum’s ecosystem and the appeal of spot-based ETFs.