BlackRock’s Ethereum ETF Rockets to $10B in 10 Days – Third-Fastest Ever

Key Points

1. BlackRock’s ETHA ETF surged from $5 billion to $10 billion in AUM in 10 days, the third-fastest growth in ETF history.

2. ETHA joins BlackRock’s Bitcoin ETF (IBIT) and Fidelity’s Bitcoin Fund (FBTC) as the fastest ETFs to hit $10 billion, all being crypto-related.

3. The ETF reached $10 billion in 251 days, outpacing traditional ETFs like JPMorgan’s JEPQ, which took 444 days.

4. Ethereum ETFs recorded significant inflows, including a daily high of $726.74 million, with total holdings nearing $20 billion.

5. Spot Ethereum ETFs, approved in July 2024, have seen $8.32 billion in net inflows, though Bitcoin ETFs still dominate with over $54 billion.