Ethereum News Today: ETHA ETF Surpasses $10B in 251 Days, Third-Fastest Ever

The ETHA ETF, BlackRock’s Ethereum-linked exchange-traded fund, has shattered expectations by amassing $10 billion in assets under management (AUM) in just 251 days, making it the third-fastest ETF to achieve this milestone in history [1]. Launched in early 2024, the fund’s exponential growth has been unprecedented: it surged from $5 billion to $10 billion in a mere 10 days, outpacing traditional financial instruments and capturing 50% of the Ethereum ETF market [2]. This performance places ETHA behind only the spot Bitcoin ETF (IBIT) and a gold-backed ETF, which reached $10 billion in 34 and 53 days, respectively [3].

The fund’s rapid adoption reflects robust institutional and retail demand for Ethereum exposure. In July alone, ETHA attracted $3.29 billion in net inflows, with a single-day record of $726.7 million on July 16 [4]. Over a two-week period ending July 23, it led the charge among Ethereum ETFs, pulling in $426.2 million in a single session—contributing to a collective $4 billion in inflows for the asset class [5]. Notably, Ethereum ETFs now hold over 4% of the cryptocurrency’s circulating supply, a threshold reached in under three weeks [6].

Analysts attribute ETHA’s success to regulatory clarity and Ethereum’s ongoing upgrades. The post-Merge improvements, including the Dencun upgrade, have enhanced the network’s scalability and efficiency, bolstering confidence in ETH-backed products. Bitwise CIO Matt Hougan highlighted that Ethereum’s annual issuance of 0.8 million tokens is being outpaced by ETF inflows by a seven-to-one ratio, creating a “structural imbalance favoring buyers” [7]. Derivatives markets further reinforce this optimism, with $120 million in open interest for $10,000 Ethereum call options—marking a 60% increase in July [8].

The ETF’s dominance raises questions about market concentration, as ETHA controls over half of all Ethereum ETF assets [9]. This centralization could influence regulatory discussions, particularly regarding in-fund staking—a feature that might enhance yields for institutional investors. While the SEC has yet to rule on such capabilities, market sentiment is already shifting in anticipation of potential approvals [10].

Despite the momentum, risks remain. Regulatory delays and macroeconomic tightening could temper short-term gains, though derivatives desks are currently pricing in continued upward momentum. Market-implied probabilities suggest a 15% chance of Ethereum reaching $10,000 by December 2025—a level achievable if inflows maintain their current pace [11].

ETHA’s record-breaking growth underscores Ethereum’s growing acceptance in mainstream finance. By offering a regulated, accessible pathway to crypto exposure, the ETF has demonstrated the asset class’s potential to rival traditional benchmarks. As institutional demand and product innovation align, the ETHA ETF may serve as a barometer for the broader integration of cryptocurrencies into global markets.

Sources:

[1] [“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/)

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

[3] [“MILESTONE | The 3 Fastest ETFs to Hit the $10 Billion”](https://bitcoinke.io/2025/07/the-3-fastest-etfs-in-history-are-spot-crypto-etfs/)

[4] [“BlackRock's Ethereum ETF Surpasses $10B, Becomes 3rd Fastest Ever”](https://cryptodnes.bg/en/blackrocks-ethereum-etf-surpasses-10b-becomes-3rd-fastest-in-history/)

[5] [“Ethereum ETFs Pull in $4 Billion in 2 Weeks”](https://cryptoslate.com/ethereum-etfs-pull-in-4-billion-in-2-weeks-is-a-10k-eth-christmas-rally-now-base-case/)

[6] [“Ethereum ETF ETHA Becomes Third-Fastest Ever to Hit $10B AUM”](https://www.bitcoinsensus.com/news/ethereum-etf-etha-becomes-third-fastest-ever-to-hit-10b-aum/)

[7] [“BlackRock Ethereum ETF Doubles to $10 Billion in Days”](https://u.today/blackrock-ethereum-etf-doubles-to-10-billion-in-days-whats-behind-it)

[8] [“Ethereum ETFs Pull in $4 Billion in 2 Weeks”](https://cryptoslate.com/ethereum-etfs-pull-in-4-billion-in-2-weeks-is-a-10k-eth-christmas-rally-now-base-case/)

[9] [“Ethereum ETF ETHA Becomes Third-Fastest Ever to Hit $10B AUM”](https://www.bitcoinsensus.com/news/ethereum-etf-etha-becomes-third-fastest-ever-to-hit-10b-aum/)

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

[11] [“Ethereum ETFs Pull in $4 Billion in 2 Weeks”](https://cryptoslate.com/ethereum-etfs-pull-in-4-billion-in-2-weeks-is-a-10k-eth-christmas-rally-now-base-case/)