Record-breaking milestone achieved by BlackRock's ETH ETF, surpassing $10 billion in asset value in an impressive timeframe.
BlackRock's Ethereum ETF Breaks Records, Doubling Assets in Two Weeks
BlackRock's Ethereum ETF (ETHA) has made history by becoming the third-fastest ETF in U.S. history to reach $10 billion in assets under management (AUM), achieving this milestone in just 251 days since its early 2024 launch. This impressive feat places ETHA behind only two spot Bitcoin ETFs by BlackRock (IBIT) and Fidelity (FBTC), which hit $10 billion much faster—IBIT in 34 days and FBTC in 53 days.
In the past two weeks, ETHA's AUM has doubled from $5 billion, marking a sharp inflow momentum described as a "God candle" by analysts. Despite slower initial growth compared to Bitcoin ETFs, ETHA has recently entered the top 5 ETFs by net inflows for both the past week and month, indicating strong ongoing demand.
At press time, ETH traded at $3.6K, down 6% from the recent high of $3.8K. However, Ethereum’s recent strong price performance (+50% in the past week, +105% since mid-May) contrasts with Bitcoin's more modest gains (+24% in the last 30 days), boosted by Ethereum’s proof-of-stake system and DeFi ecosystem, factors potentially increasing ETHA’s appeal.
The ETF has a competitive 0.25% sponsor fee, lower than many alternatives, making it attractive for institutional investors. ETHA may also benefit from upcoming SEC decisions allowing staking of holdings to generate staking income, a unique feature not available to Bitcoin ETFs.
The spot ETH ETF products have seen positive inflows for 11 weeks straight, with the 24th of July recording a daily net inflow of $231 million. This marked the 15th consecutive day of net inflows for the spot ETH ETF products. Open Interest for ETH was at record highs of $57 billion, underscoring high speculative interest and liquidation risk.
However, crypto analyst Benjamin Cowen warned that ETH may need to cool off, citing the overbought condition of ETH's daily RSI. Despite this, the speculative market for ETH was 'neutral' as there was no extreme retail FOMO on the Futures market.
In summary, while Bitcoin ETFs remain the fastest to reach large AUM milestones, BlackRock’s ETH ETF is the fastest non-Bitcoin ETF to hit $10B, showing substantial growth and institutional support that suggests increasing investor interest in Ethereum-based products. Ethereum ETFs appear to be outpacing Bitcoin ETFs in net inflows lately, reflecting shifting investor sentiment in mid-2025.
| Aspect | BlackRock ETH ETF (ETHA) | BlackRock Bitcoin ETF (IBIT) / Fidelity BTC ETF (FBTC) | |---|---|---| | Time to $10B AUM | 251 days | IBIT: 34 days; FBTC: 53 days | | AUM (as of July 2025) | ~$10B+ | >$10B for each | | Recent growth trend | Rapid inflows; doubled $5B to $10B in 10 days | Extremely fast initial growth | | Sponsor fee | 0.25% | Varies, generally competitive | | Market context | Supported by recent ETH price surge and staking potential | Bitcoin remains dominant but lower recent price gains | | Institutional confidence | Strong, evidenced by large ETH purchases | Very high from launch |
[1] CryptoQuant [2] Glassnode [3] Source: X [4] Unspecified source
- BlackRock's Ethereum ETF (ETHA) has surpassed two Bitcoin ETFs by BlackRock (IBIT) and Fidelity (FBTC) in terms of speed to reach $10 billion in assets under management (AUM), taking 251 days as opposed to IBIT's 34 days and FBTC's 53 days.
- In the past two weeks, ETHA's assets have doubled from $5 billion, demonstrating a significant inflow momentum, and it has entered the top 5 ETFs by net inflows for both the past week and month.
- The spot Ethereum ETF products have seen positive inflows for 11 weeks straight, with a daily net inflow of $231 million recorded on the 24th of July, reflecting increasing investor interest in Ethereum-based products.
- Despite the growth in ETHA's assets, Bitcoin ETFs remain the fastest to reach large AUM milestones, but the faster non-Bitcoin ETF growth could indicate a shift in investor sentiment towards Ethereum in mid-2025.
