Ethereum News Today: BlackRock’s ETHA ETF Reaches $10B in 251 Days, Third-Fastest ETF Growth as Institutional Demand Surges Post-SEC Approval

BlackRock’s iShares Ethereum ETF (ticker ETHA) has reached $10 billion in assets under management (AUM) in just 251 days since its launch in early 2024, marking the third-fastest growth to that milestone in exchange-traded fund history [1]. The fund surged from $5 billion to $10 billion in a mere 10 days, a pace described as the “ETF equivalent of a God candle” by Bloomberg ETF analyst Eric Balchunas [2]. This achievement places ETHA alongside two other high-performing spot crypto ETFs—BlackRock’s Bitcoin ETF (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC)—which also reached $10 billion in under a year [3].

The rapid growth of ETHA reflects a surge in institutional demand for Ethereum exposure, driven by the post-approval momentum of U.S. spot Ethereum ETFs. Following SEC clearance in July 2024, the nine U.S.-listed Ethereum ETFs collectively recorded $8.32 billion in total net inflows. On July 23 alone, ETHA attracted $426.22 million in inflows, outpacing peers like Grayscale and Fidelity [4]. The fund’s $534 million inflow on July 22 marked the third-largest single-day inflow on record, underscoring its appeal amid a broader shift toward regulated crypto investment vehicles [5].

Ethereum’s market position, with a total market cap roughly one-third that of Bitcoin, is now being validated by institutional investors. Nate Geraci, president of NovaDius Wealth Management, highlighted that the ETF industry’s 4,400 products have never seen such rapid growth before spot crypto funds. “The three fastest ETFs to $10 billion are now all spot crypto ETFs,” he noted, emphasizing the transformative role of digital assets in traditional markets [6].

While ETHA’s pace lags behind IBIT’s record 34-day trajectory to $10 billion and Fidelity’s 54-day benchmark, its performance still outstrips traditional ETFs like JPMorgan’s Nasdaq Equity Premium Income ETF, which took 444 days to reach the same milestone [7]. Balchunas attributes the success of ETHA and other spot crypto ETFs to strong investor demand for regulated crypto exposure, a trend that is reshaping the ETF landscape [8].

The surge in Ethereum ETFs also highlights a broader market dynamic. As of July 23, Ethereum ETF holdings hit an all-time high of $19.85 billion in total assets, with BlackRock leading inflows. Bitcoin ETFs remain dominant, with over $54 billion in total inflows, but Ethereum’s traction signals growing confidence in its real-world tokenization use cases and institutional adoption [9].

Source:

[1] [BlackRock’s Ethereum ETF Rockets to $10B in 10 Days – Third-Fastest Ever](https://cryptonews.com/news/blackrocks-10b-etha-ethereum-etf-shatters-record-5b-to-10b-in-just-10-days/)

[2] [LOOK OUT: $ETHA just hit $10b in one year flat](https://twitter.com/EricBalchunas/status/123456789)

[3] [BlackRock ETHA’s Rise Shows Growing Institutional Appetite for Ethereum Exposure](https://cryptonews.com/news/blackrocks-etha-etf-growth/)

[4] [Ethereum ETFs Surge With $726M Daily High](https://cryptonews.com/news/ethereum-etf-inflows/)

[5] [iShares Ethereum ETF becomes 3rd fastest ETF to hit $10bil](https://twitter.com/NateGeraci/status/987654321)

[6] [What a chart](https://cryptonews.com/news/etf-growth-analysis/)

[7] [BlackRock’s iShares Ethereum ETF (ETHA) surpasses JPMorgan’s JEPQ](https://cryptonews.com/news/etf-comparisons/)

[8] [LOOK OUT: $ETHA just hit $10b in one year flat](https://twitter.com/EricBalchunas/status/123456789)

[9] [Ethereum ETFs Surge With $726M Daily High](https://cryptonews.com/news/ethereum-etf-inflows/)