BlackRock’s Ethereum ETF Rockets to $10B in 10 Days – Third-Fastest Ever
Main Idea
BlackRock’s iShares Ethereum ETF (ETHA) reached $10 billion in assets under management in just 10 days, becoming the third-fastest ETF to achieve this milestone, reflecting growing institutional demand for Ethereum.
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.
Description
BlackRock’s iShares Ethereum ETF, known by its ticker ETHA, has reached $10 billion in assets under management (AUM), becoming the third-fastest exchange-traded fund to ever hit that milestone. The surge from $5 billion to $10 billion took just 10 days, drawing comparisons to a “God candle,” according to Bloomberg ETF analyst Eric Balchunas. The milestone places ETHA alongside two other high-performing ETFs , BlackRock’s own Bitcoin ETF (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC), whic...
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