Ethereum ETF Soars as BlackRock’s ETHA Hits $10B in Record Time

BlackRock’s Ethereum ETF has become one of the fastest-growing in history, attracting billions as investor interest in ETH explodes.

BlackRock’s U.S.-listed Ethereum ETF has officially joined the ranks of the fastest-growing funds in history. According to Bloomberg’s Eric Balchunas, the iShares Ethereum Trust (ETHA) now holds over $10 billion in assets, reaching that milestone in just 251 days. Only BlackRock’s own IBIT and Fidelity’s FBTC spot Bitcoin ETFs got there faster.

What’s remarkable is that half of ETHA’s current assets—$5 billion—came in within just 10 days, a surge Balchunas compared to a “God candle,” a term for rapid, explosive price movement. ETHA is now consistently among the top 5 ETFs for net inflows, both weekly and monthly, signaling a strong shift in investor interest from Bitcoin to Ethereum.

ETH’s performance supports this trend. The asset has gained over 50% in the past week and more than doubled since mid-May. At the same time, Bitcoin’s 30-day gain sits at just 24%. That momentum has extended across other ETH ETFs too, with 14 straight days of inflows totaling nearly $4 billion. July 16 marked the largest single-day inflow ever for ETH ETFs at $726.7 million.

Ethereum’s growing popularity isn’t just institutional. On-chain activity is heating up as well, with $500 million in stablecoins added to the network in one day and a new record of 24.69 million daily transactions. As Ethereum approaches its 10-year anniversary, the rally in price, network usage, and ETF adoption points to a bright and rapidly evolving future for the second-largest crypto asset.