BlackRock's Ethereum ETF Hits $10B in Record Time as Institutional Inflows Surge

BlackRock's spot Ethereum ETF, the iShares Ethereum Trust (ETHA), has rapidly grown to $10.5 billion in assets under management, making it the third-fastest ETF in history to reach the $10 billion mark within one year. The fund doubled from $5 billion to $10 billion in just ten days, highlighting intense investor demand.

While ETHA recorded no new inflows on the latest trading day, Fidelity’s FETH fund attracted a record $210 million. Total inflows for all U.S. spot Ether ETFs hit $231 million for the day, continuing a 15-day streak without net outflows. Over the past seven trading days, Ether ETFs have seen over $3 billion in inflows, accounting for roughly a third of all capital received since their July 2024 launch.

In the last six trading sessions, Ether ETFs have consistently outpaced Bitcoin ETFs in new capital, with $2.4 billion versus $830 million. Bitwise estimates that institutional and corporate buyers have acquired 2.8 million ETH since mid-May—far exceeding the new supply issued.

Despite Bitcoin’s recent 3% decline, Ethereum has held steady at around $3,630, showing resilience under institutional demand. ETH is up 48% over the past month and has settled into a range-bound pattern amid anticipation around ETF inflows and crypto options expirations.