Ethereum News Today: BlackRock’s ETHA ETF Reaches $10 Billion in 251 Days, Third-Fastest Growth in ETF History

BlackRock’s iShares Ethereum ETF (ETHA) has reached a landmark $10 billion in assets under management within 251 days of its launch, marking one of the fastest growth trajectories in ETF history. This achievement places ETHA as the third-fastest ETF to reach the $10 billion threshold, outpacing traditional financial products like JPMorgan’s Nasdaq Equity Premium Income ETF (JEPQ), which required 444 days to attain the same milestone. ETHA’s rapid ascent—from $5 billion to $10 billion in just 10 days—has been dubbed a “God candle” by Bloomberg ETF analyst Eric Balchunas, reflecting an extraordinary surge in investor demand [1].

The fund’s performance underscores a broader shift in crypto ETF inflows, with Ethereum-based products capturing significant capital. Over the past 13 days, U.S. Ethereum ETFs have accumulated $4.4 billion in net inflows, including a record $726.7 million single-day deposit, the largest since ETHA’s inception. This momentum contrasts with Bitcoin ETFs, which have experienced outflows of $289 million over three trading sessions, signaling a temporary reallocation of investor priorities. Analysts attribute this trend to Ethereum’s expanding utility in decentralized finance (DeFi), non-fungible tokens (NFTs), and recent network upgrades that enhance scalability and reduce transaction costs [2].

ETHA’s success highlights the growing appeal of spot crypto ETFs, which offer direct exposure to digital assets without the complexities of token custody. NovaDius Wealth Management’s Nate Geraci noted that the three fastest ETFs to reach $10 billion are all spot crypto funds, signaling a paradigm shift in asset management. BlackRock’s Ethereum ETF, alongside its Bitcoin counterpart (IBIT), has demonstrated the sector’s potential to outperform traditional benchmarks. IBIT, for instance, shattered records by hitting $10 billion in 34 days, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) reached the same threshold in 54 days. These figures illustrate a broader institutional embrace of crypto, driven by regulatory clarity and product innovation [3].

Market dynamics further emphasize Ethereum’s role in this transition. The Pectra hard fork in May 2025 improved network efficiency, making ETH more attractive to investors. Coupled with the Genius Act—legislation passed on July 18, 2025, which provided a regulatory framework for stablecoins and digital assets—Ethereum’s ecosystem has gained institutional credibility. Matthew Hougan, chief investment officer at Bitwise, observed that ETH treasury firms and spot ETFs are creating a “$10 billion ETH supply squeeze,” potentially driving higher prices. However, such forecasts must be distinguished from actual inflows, which remain grounded in Ethereum’s technical and regulatory advancements [4].

The ETF’s growth also reflects evolving investor preferences. While Bitcoin remains a dominant asset, Ethereum’s role as a foundational blockchain platform—with real-world applications like smart contracts—has differentiated it from other cryptocurrencies. The recent approval of a Solana staking ETF and anticipated launches of XRP and Litecoin funds by year-end further indicate a maturing crypto market. Bloomberg analysts estimate a 95% probability of these products receiving regulatory approval, suggesting a diversification trend in crypto portfolios. This shift aligns with Ethereum’s strategic position as a hub for innovation, attracting capital from both retail and institutional investors [5].

ETHA’s rapid growth has significant implications for the crypto market. As BlackRock’s fund approaches $10 billion, it will be closely watched for its impact on Ethereum’s price, liquidity, and broader adoption. The total crypto market capitalization surpassed $4 trillion in July 2025, driven by Bitcoin’s record highs and robust altcoin performance. While some critics, like financial commentator Robert Kiyosaki, warn of a “Bitcoin bubble burst,” institutional optimism remains strong. ETFs have effectively bridged traditional and digital asset markets, providing a regulated, liquid avenue for participation. As regulatory frameworks solidify and investor allocations evolve, ETHA’s trajectory underscores crypto’s accelerating integration into mainstream finance [6].

Source:

[1] Coinotag (July 24, 2025): [https://en.coinotag.com/blackrocks-ethereum-etf-approaches-10-billion-milestone-amid-shifts-in-crypto-etf-inflows/](https://en.coinotag.com/blackrocks-ethereum-etf-approaches-10-billion-milestone-amid-shifts-in-crypto-etf-inflows/)

[2] Yahoo Finance (July 23, 2025): [https://finance.yahoo.com/quote/OIK-USD/news/](https://finance.yahoo.com/quote/OIK-USD/news/)

[3] Bloomberg (July 2025): [https://cryptonews.com](https://cryptonews.com)

[4] CoinDesk (July 2025): [https://coindesk.com](https://coindesk.com)

[5] The Economic Times (July 24, 2025): [https://m.economictimes.com/crypto-news-today-live-23-jul-2025/liveblog/122843865.cms](https://m.economictimes.com/crypto-news-today-live-23-jul-2025/liveblog/122843865.cms)

[6] CoinPaper Newsletter (July 2025): [https://newsletter.coinpaper.com](https://newsletter.coinpaper.com)