BlackRock’s iShares Ethereum Trust (ETHA) has reached a historic milestone by surpassing $10 billion in assets under management, making it the third-fastest ETF to achieve this in the 32-year history of exchange-traded funds, according to Bloomberg.
It took just 251 days for ETHA to hit the $10B mark, a pace beaten only by the iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund, which crossed that threshold in just 34 and 53 days, respectively.
The recent surge saw ETHA double in size within just 10 days, adding $5 billion in assets in the shortest span ever for such growth. Eric Balchunas, Senior ETF Analyst at Bloomberg, shared with Decrypt that both rising Ethereum prices and strong fund inflows contributed to this explosive expansion.
“That five to $10 billion move, most of that’s the price, although the flows were really robust too,” Balchunas said. “So it was a nice combination of both.”
Ethereum (ETH) itself has been on an upward trend, briefly approaching $3,850 earlier this week—its highest point since December—before pulling back slightly to around $3,710, as per CoinGecko data.
Experts have linked the ETF growth to the increased institutional appetite for Ethereum, along with broader optimism following the GENIUS Act, recently signed by President Donald Trump, which aims to create a more supportive regulatory framework for digital assets, particularly stablecoins and Ethereum-based applications.
The law is expected to benefit Ethereum significantly, as the network remains the dominant platform for stablecoin settlements and tokenized treasuries.
Over just the first three days of this week, the nine U.S.-listed Ethereum ETFs generated over $1.1 billion in inflows, according to U.K.-based Farside Investors.
Despite the progress, Ethereum ETFs still trail behind Bitcoin ETFs in total assets. For instance, BlackRock’s IBIT alone manages over $70 billion, and all 12 Bitcoin-related ETFs combined hold more than $140 billion.
Sumit Roy, Senior Analyst at ETF.com, noted that while Ethereum ETF investors were initially slow to react, the recent surge in stablecoin innovation and Ethereum-based treasury products sparked renewed excitement.
“That all changed over the past few weeks as the mania over stablecoins and Ethereum Treasury companies gave the asset a shot in the arm,” Roy told Decrypt.
He added, “We’ll see if this is the catalyst that finally breaks Ethereum prices out of their trading range—it may or may not be. Regardless, it signals that the demand for Ethereum ETFs has finally arrived.”
As Ethereum adoption grows and institutional interest surges, all eyes are on how ETH will perform in the coming months, especially with favorable regulatory winds in the U.S. and expanding ETF accessibility.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
