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

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.