BlackRock’s Ethereum ETF Breaks Records: $10 Billion in Just 251 Days

The financial giant BlackRock has just made a big impact on the crypto ETF market. Its Ethereum ETF has crossed the symbolic threshold of 10 billion dollars in assets under management in just 251 days. We’ll tell you more in the following paragraphs!

An Ethereum ETF that exceeds all expectations

Launched a year ago, BlackRock’s Ethereum ETF is experiencing rapid growth. It in fact doubled its assets under management in just 10 days, rising from 5 to 10 billion dollars. A performance that analyst Eric Balchunas calls a “God candle” due to its rarity and spectacular nature.

This success places ETHA as the third fastest ETF in history to reach this milestone. It ranks ahead of traditional giants like JPMorgan. This breakthrough confirms that blockchain-backed financial products are attracting more and more investors, notably in a context of passive management and a search for diversification.

Massive inflows to the Ethereum ETF, Bitcoin lagging behind

Since early July, inflows into Ethereum ETFs have exploded. Data shows over 4.4 billion dollars injected in only 14 days. On July 18, this digital asset even recorded an unprecedented peak of 726.7 million dollars, which reinforced the bullish trend around Ethereum.

Meanwhile, Bitcoin ETFs (formerly dominant) are showing a slight slowdown. Since July 21, assets under management for BTC ETFs have recorded estimated outflows of nearly 289 million dollars.

This shift in interest shows the evolution of the crypto market, where Ethereum seems to attract institutional investors looking for more diversified securities.

In any case, the exceptional growth of BlackRock’s ETHA confirms the growing appetite for financial products linked to cryptocurrencies. A dynamic that could intensify with the arrival of new ETFs focused on decentralized finance!