BlackRock’s Ethereum ETF Reaches $10 Billion in 251 Days
BlackRock’s iShares Ethereum Trust (ETHA) has surpassed $10 billion in assets within 251 days, making it one of the fastest-growing funds. Only BlackRock's IBIT and Fidelity's FBTC spot Bitcoin ETFs reached this milestone quicker.
Key facts include:
- Half of ETHA's assets, $5 billion, were added in just 10 days.
- ETHA ranks among the top 5 ETFs for net inflows weekly and monthly.
- Ethereum (ETH) gained over 50% in the past week and more than doubled since mid-May.
- Bitcoin’s 30-day gain is 24%.
- ETH ETFs experienced 14 consecutive days of inflows totaling nearly $4 billion.
- July 16 saw a record single-day inflow of $726.7 million for ETH ETFs.
- $500 million in stablecoins were added to the Ethereum network in one day.
- A record of 24.69 million daily transactions was achieved.
Ethereum's ETF adoption and increasing on-chain activity indicate a positive trend as it approaches its 10-year anniversary.