BlackRock’s Ether ETF Hits $10B, Third-Fastest in ETF History

BlackRock’s iShares Ethereum ETF Becomes Third-Fastest ETF Ever to Reach $10 Billion AUM, Highlighting Crypto ETF Dominance

  • BlackRock’s iShares Ethereum ETF (ETHA) reached $10 billion in assets under management within 251 days of launch.
  • ETHA became the third-fastest growing ETF in history to reach this milestone, following two other spot cryptocurrency ETFs.
  • The iShares Bitcoin Trust (IBIT) by BlackRock set a record by achieving $10 billion in assets in just 34 days.
  • Recent data shows strong inflows into Ether ETFs in July, while Bitcoin ETFs saw outflows in the same period.
  • Industry experts highlight that cryptocurrency ETFs now dominate the rankings for fastest asset growth in the ETF industry.

BlackRock’s iShares Ethereum ETF (ETHA) has reached $10 billion in assets under management (AUM) just 251 days after its launch in the United States. The rapid growth makes ETHA one of the fastest-growing exchange-traded funds (ETFs) worldwide.

- Advertisement -

Bloomberg ETF analyst Eric Balchunas reported that ETHA grew from $5 billion to $10 billion in only 10 days. He described this growth as the “equivalent of a God candle.” ETHA now ranks as the third-fastest ETF globally to reach the $10 billion level, outpacing the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which took 444 days to reach the same amount.

Nate Geraci, president of NovaDius Wealth Management, noted, “The three fastest ETFs to hit the $10 billion mark are now all spot crypto ETFs,” highlighting the rare speed at which these products are gaining assets. The ETF sector includes almost 4,400 products and has existed for over 30 years, according to Geraci’s comment on X.

BlackRock’s iShares Bitcoin Trust (IBIT) remains the fastest-growing ETF ever, hitting $10 billion in managed assets just 34 days after its January 2024 launch. Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) followed, reaching the milestone in 54 days.

In July, U.S. Ether ETFs saw a 14-day streak of inflows, totaling $4.4 billion since July 3, according to SoSoValue data. This includes a daily record inflow of $726.7 million, the highest since the ETF’s debut. During the same period, spot Bitcoin ETFs faced outflows of $289 million over three days after a prior streak of 12 consecutive days of inflows, as reported by SoSoValue.

These developments underscore the growing appeal of cryptocurrency ETFs among investors, as traditional finance ETFs see comparatively slower asset growth. Industry sources report that crypto ETFs now hold the top three spots for fastest growth to $10 billion in ETF history.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Chris Larsen Sells $175M XRP, Sparks Centralization Concerns

Chris Larsen, Ripple's co-founder, transferred $175 million in XRP during a recent price rally,...

GENIUS Act Spurs Debate Over Stablecoin Redemption and Run Risks

The U.S. GENIUS Act on stablecoins has raised concerns about the safety and redemption...

FTSE 100 Breaks Out, London Stocks Rally Toward 10,000 Mark

The FTSE 100 index has recently surpassed the 9,000-point mark, indicating a new period...

Ex-BlackRock Digital Asset Chief Joins SharpLink Gaming as Co-CEO

Joseph Chalom, former BlackRock executive, becomes co-CEO of SharpLink Gaming.Chalom previously led BlackRock’s digital...

US Sanctions North Korean IT Worker Scheme, Arizona Woman Jailed

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a North Korean front...

Must Read

The 10 Best Crypto Podcasts You Can’t Miss

Table of ContentsBest Cryptocurrency Podcasts To Add To Your Playing List1. The Money Movement2. The Crypto Conversation3. The Pomp Podcast4. What Bitcoin Did5. The...