Ethereum News Today: BlackRock's ETHA Hits $10B in 251 Days, 34.4% Market Share

BlackRock’s iShares Ethereum Trust (ETHA) has cemented its place in financial history by becoming the third-fastest exchange-traded fund (ETF) to amass $10 billion in assets under management (AUM), achieving the milestone in 251 days since its launch [1]. The fund, trailing only BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC)—which reached $10 billion in 34 and 54 days respectively—demonstrates the accelerating adoption of spot crypto ETFs. ETHA’s meteoric growth was further underscored by its surge from $5 billion to $10 billion in just 10 days, a pace Bloomberg ETF analyst Eric Balchunas dubbed the “ETF equivalent of a God candle,” referencing the sharp, rapid upward movements seen in trading charts [2].

The fund’s success reflects broader market dynamics. Ethereum ETFs in the U.S. have drawn consistent investor interest, with $4.4 billion in net inflows over the past two weeks. This includes a record $726.7 million single-day inflow on July 3—the highest since ETHA’s 2024 debut [3]. Notably, Bitcoin ETFs have seen a reversal in momentum, with $289 million in outflows over three trading sessions, signaling a potential shift in capital toward Ethereum-based products [4]. ETHA now commands 34.4% of the Ethereum ETF market share, solidifying its position as a leading player in the space [5].

Despite the bullish trajectory, Ethereum faces short-term headwinds. 10x Research highlights overbought conditions and rising borrowing costs for wrapped Ether (wETH), a tokenized form of ETH widely used in decentralized finance (DeFi). Lending demand on platforms like Aave has surged to 95% capacity, driving up variable interest rates and triggering unwinding of leveraged positions. Markus Thielen, head of research at 10x Research, notes that these pressures, compounded by historically weaker summer trading activity in the U.S., could amplify Ethereum’s volatility [6].

However, the long-term outlook remains optimistic. Historical data from CoinGlass reveals Ethereum’s strongest performance in the fourth quarter, averaging a 23.85% return, compared to 5.60% in the third quarter. Thielen anticipates a rebound post-September, aligning with Ethereum’s seasonal performance patterns [8].

ETHA’s rapid ascent underscores the transformative impact of spot crypto ETFs in a market with over 4,400 products. Nate Geraci of NovaDius Wealth Management observes that ETHA’s achievement reinforces the dominance of cryptocurrency ETFs in attracting capital at an unprecedented pace [9]. The fund’s future performance will depend on Ethereum’s price action, regulatory developments, and macroeconomic factors, all of which will shape its trajectory in the coming months.

Source:

[1] [BlackRock's Spot Ethereum ETF Hits $10B, Third Fastest ...](https://cointelegraph.com/news/blackrock-spot-ether-etf-third-fastest-10-billion-assets)

[2] [BlackRock's ETHA Becomes Third Fastest ETF to Hit $10B](https://coinpaper.com/10184/black-rock-s-etha-becomes-third-fastest-etf-to-hit-10-b)

[3] [BlackRock's Ethereum ETF Surpasses $10B in Assets on ...](https://www.ainvest.com/news/ethereum-news-today-blackrock-ethereum-etf-surpasses-10b-assets-unprecedented-inflows-34-4-market-share-2507/)

[4] [Ethereum May Struggle Through Q3](https://coinpaper.com/10184/black-rock-s-etha-becomes-third-fastest-etf-to-hit-10-b)

[5] [BlackRock's ETH ETF becomes third-fastest ETF to hit $10B](https://www.mitrade.com/insights/news/live-news/article-3-985237-20250725)

[6] [BlackRock's Ethereum ETF Rockets to $10B in 10 Days](https://www.tradingview.com/news/cryptonews:7b3ffebfa094b:0-blackrock-s-ethereum-etf-rockets-to-10b-in-10-days-third-fastest-ever/)

[8] [Ethereum quarterly returns (Source: CoinGlass)](https://coinpaper.com/10184/black-rock-s-etha-becomes-third-fastest-etf-to-hit-10-b)

[9] [BlackRock's Ethereum ETF Grows Rapidly with $5B Inflows ...](https://coincentral.com/blackrock-ethereum-etf-grows-rapidly-with-5b-inflows-in-10-days/)