BlackRock’s Ethereum ETF Rockets to $10B, Third-Fastest in History
Main Idea
BlackRock’s iShares Ethereum Trust (ETHA) has surpassed $10 billion in assets, becoming the third-fastest ETF to reach this milestone, driven by strong investor interest in Ethereum.
Key Points
1. ETHA reached $10 billion in assets in just 251 days, faster than most ETFs except for two Bitcoin funds (IBIT and Fidelity Wise Origin Bitcoin Fund).
2. The fund doubled in size from $5 billion to $10 billion in just 10 days, attributed to a combination of price appreciation and robust investor inflows.
3. Ethereum's price surge, nearing $3,850, contributed to the rapid growth, alongside increased institutional interest and regulatory developments like the GENIUS Act.
4. U.S.-listed Ethereum ETFs saw over $1.1 billion in inflows in the first three days of a single week, reflecting strong market demand.
5. Analysts noted the unusual speed of ETHA's growth, comparing it to Bitcoin ETFs, and highlighted the interplay between price movements and investor flows.
Description
BlackRock's iShares Ethereum Trust has reached $10 billion, faster than all but two funds in the ETF industry's 32-year history.
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