BlackRock’s Ethereum ETF is Now the Third Fastest to Reach $10 Billion in Assets

The BlackRock’s iShares Ethereum ETF (ETHA) has emerged as the third-fastest ETF ever to reach $10 billion in total assets under management, placing it among the top-performing crypto ETFs. 

BlackRock’s Ethereum ETF Surges to $10B in 251 Days

BlackRock Ethereum ETF climbs to $10 billion in total assets under management just 251 days after its launch, making it the third-fastest ETF to reach this milestone.

According to Bloomberg analyst Eric Balchunas, the fund’s growth rose quickly, doubling from $5 billion to $10 billion in just 10 days, a surge he called the “equivalent of a God candle”.  

This milestone places ETHA ahead of JPMorgan’s Nasdaq Equity Premium Income ETF (JEPQ), which took 444 days to hit the same mark and is currently ranked as the fourth-fastest-growing ETF on record.

NovaDius Wealth Management president, Nate Geraci, highlighted that the three fastest-growing ETFs to hit the $10 billion mark are now all spot crypto ETFs, indicating growing interest in digital investments. 

Ethereum ETF Gains Momentum as Bitcoin ETF Slows

While ETHA’s rapid growth has surpassed many traditional finance ETFs, it still lags behind the explosive success of BlackRock’s iShares Bitcoin Trust (IBIT), which reached $10 billion in assets under management in just 37 days after its launch in January 2024. 

Meanwhile, Ethereum ETFs have gained strong momentum while Bitcoin ETFs have begun to slow. According to data from SoSoValue, Ether ETFs in the US have posted a 14-day inflow streak totaling $4.4 billion since July 3, including a $726.7 million single-day surge, which was the largest since their debut.

On the other hand, Bitcoin ETFs stumbled after a 12-day streak, flows turned negative on July 21, with 289 million in outflow over the last three trading days.