BlackRock’s spot Ethereum ETF has rapidly climbed the ranks to become one of the most successful ETFs to date, joining an elite group of cryptocurrency-focused funds that are breaking records in the financial world.
The iShares Ethereum ETF (ETHA) has officially surpassed $10 billion in assets under management (AUM), making it the third-fastest ETF to reach this milestone, according to Bloomberg ETF expert Eric Balchunas.
“ETHA jumped from $5 billion to $10 billion in just 10 days,” Balchunas said on Thursday, describing the surge as comparable to a “God candle” in trading terms due to its intensity and speed.
Only Crypto ETFs in the Top 3 Fastest Ever
Reaching the $10 billion mark in just 251 days, ETHA has outpaced major funds like JPMorgan’s JEPQ, which took 444 days to hit the same benchmark. All of the three fastest-growing ETFs in history are now spot crypto ETFs, signaling a transformative moment for the ETF space.
Nate Geraci, president of NovaDius Wealth Management, emphasized how significant this is given the ETF industry’s maturity:
“We’ve had ETFs for over 30 years and nearly 4,400 of them exist—yet the three fastest-growing ones are all crypto-based,” he commented on X.
BlackRock’s Bitcoin ETF Still Holds the Lead
Despite ETHA’s remarkable momentum, BlackRock’s iShares Bitcoin Trust (IBIT) remains the quickest ETF to ever hit $10 billion, achieving that in just 34 days after its launch in January 2024.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) is not far behind either, reaching the same milestone in just 54 days, firmly establishing crypto’s dominance in ETF growth rates.
Ethereum ETF Inflows Surge as Bitcoin ETFs Cool Off
In July, Ethereum ETFs have seen a dramatic upswing in investor interest. According to data from SoSoValue, U.S.-based Ether ETFs have posted 14 consecutive days of inflows, bringing in $4.4 billion since July 3, including a standout day with $726.7 million—the largest since the ETF’s debut.
Meanwhile, spot Bitcoin ETFs have experienced a slowdown. After a 12-day streak of positive flows, Bitcoin ETFs began to see outflows on July 21, totaling $289 million over just three trading sessions.
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