BlackRock’s Spot Ethereum ETF Becomes Third-Fastest To Reach $10 Billion In Assets
Main Idea
BlackRock’s spot Ethereum ETF (ETHA) has become the third-fastest ETF to reach $10 billion in assets under management, highlighting strong institutional demand for cryptocurrency-based ETFs.
Key Points
1. BlackRock’s ETHA reached $10 billion in assets under management in just 251 days, making it the third-fastest ETF to achieve this milestone.
2. ETHA’s growth from $5 billion to $10 billion occurred in just 10 days, described as an 'ETF asset equivalent of a God candle' in terms of inflows.
3. The three fastest ETFs to reach $10 billion are all spot crypto-based ETFs, underscoring the rapid adoption of cryptocurrency investment products.
4. Spot Ether ETFs have seen consistent inflows, with a 14-day positive streak totaling $4.4 billion, while Bitcoin ETFs recently experienced outflows.
5. The milestone reflects growing institutional confidence in Ethereum and cryptocurrency ETFs, despite broader market volatility.
Description
BlackRock’s Ethereum exchange-traded fund, ETHA, has shot past $10 billion in assets under management. It is now one of the fastest-growing ETFs ever, joining two other cryptocurrency funds in the ranks. BlackRock’s ETHA Achieved $10 Billion AUM Milestone In Just 251 Days BlackRock’s ETHA has become the third-fastest exchange-traded fund to break the $10 billion
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