BlackRock (BLK) has done it again. After setting the pace with its iShares Bitcoin ETF (IBIT) earlier this year, the asset management giant just confirmed that its Ethereum ETF, ETHA (ETHA), has crossed $10 billion in assets under management, making it the third-fastest ETF ever to reach that mark.
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The fund took just 251 days to hit $10 billion, a remarkable feat in the world of ETFs, where it typically takes years to build that kind of scale. According to Bloomberg ETF analyst Eric Balchunas, ETHA’s sprint from $5 billion to $10 billion happened in just 10 days, which he called the “equivalent of a God candle” in ETF inflow terms.
For context, that puts BlackRock’s ETHA ahead of every traditional equity ETF, including JPMorgan’s (JPM) well-known JEPQ (JEPQ), which took 444 days to cross the same mark. In fact, the three fastest ETFs in history to break $10 billion are now all crypto-focused funds, a sign of just how rapidly institutional adoption is accelerating.
Ethereum ETF Inflows Soar While Bitcoin ETFs Slow
ETHA’s explosive growth has been nothing short of spectacular. July has seen a clear rotation into Ether. According to data from SoSoValue, Ethereum ETFs in the U.S. have posted 14 straight days of inflows, pulling in $4.4 billion since July 3. That includes a $726.7 million daily surge, the biggest single-day haul since the ETF launched last summer.
At the same time, Bitcoin ETFs are cooling off. After riding high with a 12-day inflow streak, U.S. spot Bitcoin ETFs flipped negative on July 21 and have since seen nearly $290 million in outflows over just three sessions.
This shift may signal that institutions, flush with gains from BTC’s first-half rally, are now pivoting toward Ethereum’s longer-term potential, especially given the excitement around staking, layer-2 growth, and a potential Ethereum ETF approval wave in Europe.
BlackRock’s Crypto Bet Is Working
While the Ethereum fund’s rise is impressive, BlackRock’s Bitcoin ETF (IBIT) still holds the crown. It took just 34 daysto reach $10 billion in AUM, making it the fastest-growing ETF launch in history. Fidelity’s FBTC wasn’t far behind at 54 days.
But ETHA’s milestone is significant in a different way. It shows that crypto ETFs are not a one-off success, and that investors are warming up to Ethereum, not just as a complement to Bitcoin, but as a foundational asset with its own institutional demand curve.
As Nate Geraci, President of ETF Store, put it: “The three fastest ETFs to hit $10B are all spot crypto ETFs. We’re talking about an industry with over 4,400 products and three decades of history. That says something.” BlackRock has now proven it can scale both BTC and ETH products into the billions.
Investors can track and compare Ethereum ETFs using the TipRanks ETF Comparison Tool. Click the image below to explore the platform.
