BlackRock’s Ethereum Fund Becomes Third ETF to Reach $10B in First Year

BlackRock’s iShares Ethereum Trust (ETHA) has become the third ETF in history to reach $10 billion in assets under management within its first year. Notably, the milestone places ETHA among the fastest-growing funds ever, behind only two other spot cryptocurrency ETFs.

iShares Ethereum ETF becomes 3rd fastest ETF to hit $10bil in assets…

3 fastest ETFs to $10bil now all spot crypto ETFs.

We’re talking about an ETF industry that’s been around for over 3 decades & has nearly 4,400 products.

What a chart. https://t.co/sGYiZP9U4X

— Nate Geraci (@NateGeraci) July 24, 2025

Commenting on the trend, Nate Geraci, president of NovaDius Wealth Management, noted that all three fastest-growing ETFs to reach this benchmark are crypto-based. He emphasized that such rapid asset growth is uncommon in the broader ETF industry, which spans over three decades and includes nearly 4,400 products.

ETHA Joins Top ETF Ranks

According to Bloomberg ETF analyst Eric Balchunas, ETHA reached the $10 billion mark just 251 days after launch. He noted that the fund doubled its assets from $5 billion to $10 billion in only 10 days.

Balchunas described the sharp inflow as the equivalent of a “God candle,” underscoring the sudden surge in value. ETHA’s rapid pace outperformed JPMorgan’s Nasdaq Equity Premium Income ETF (JEPQ), which took 444 days to hit the same mark.

Still, ETHA falls behind its spot bitcoin peers in terms of speed. For context, BlackRock’s iShares Bitcoin Trust (IBIT) reached $10 billion in just 34 days, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) did so in 54 days.

Rising Demand for ETH Exposure

The rapid growth of crypto ETFs underscores sustained demand for digital asset exposure through traditional investment vehicles. All three record-setting funds, launched within the past year, have outperformed most traditional finance ETFs.

Ether-focused ETFs have gained fresh momentum in July. Data from SoSoValue shows a 14-day streak of net inflows totaling $4.4 billion into ETH products.

During that stretch, ETHA recorded a single-day inflow of $726.7 million—its highest since launch. The surge suggests a shift in market sentiment, as BTC ETFs have started to see slower momentum.

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