BlackRock's iShares Ethereum Trust achieved a historic milestone by surpassing $10 billion in assets under management in just 251 days.
Reaching the $10 Billion Asset Milestone
iShares Ethereum Trust (ETHA) surpassed $10 billion in assets under management, making it the third fastest ETF in the 32-year history of exchange-traded funds, according to Bloomberg.
Factors Behind BlackRock's ETF Growth
According to Eric Balchunas, Senior ETF Analyst at Bloomberg, the recent surge in assets is driven by rising Ethereum prices and strong fund inflows. He noted, "most of that five to $10 billion move is due to price; however, flows were really robust too."
Comparison with Bitcoin ETFs
Despite the progress, Ethereum ETFs still trail behind Bitcoin ETFs in total assets, with BlackRock's Bitcoin Trust alone managing over $70 billion and all 12 Bitcoin-related ETFs combined holding more than $140 billion.
As institutional interest in Ethereum grows and the regulatory landscape in the U.S. becomes more favorable, the future of ETHA appears promising, with the market keenly observing upcoming developments.
