BlackRock’s Ethereum ETF Hits $10B: The Devil’s Coin Gets Divine Attention ✨💸

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Ah, the world of finance—where money dances like a drunken poet and numbers swell with the grace of an overfed cat. In this peculiar circus, BlackRock’s iShares Ethereum Trust has reached the dizzying height of $10 billion in assets under management, just one year after its grand debut. 🎩✨ Let us pause for dramatic effect and perhaps a sip of champagne (or cheap soda if you’re economizing).

  • Behold! BlackRock’s iShares Ethereum ETF has surpassed $10 billion in assets faster than you can say “crypto is dead.” And it only took just over a year since going live.
  • It now stands as the third-fastest ETF in U.S. history to achieve such a milestone, trailing behind two Bitcoin ETFs. Yes, those smug Bitcoin maximalists are still gloating—but not for long!
  • ETH inflows have surged in July, with ETH ETFs outperforming Bitcoin ETFs on multiple days. Oh, the sweet irony. 🍬

This achievement makes ETHA the fastest non-Bitcoin ETF to hit that magical $10 billion threshold and the third-fastest overall in U.S. ETF history, bowing only to the almighty iShares Bitcoin (BTC) Trust and Fidelity’s FBTC. Bravo, Ethereum! You’ve earned your place among the financial titans—or at least among the slightly-less-ridiculous ones.

The news came courtesy of Bloomberg ETF analyst Eric Balchunas, who shared his excitement on X (formerly Twitter). On July 23, he noted that ETHA doubled from $5 billion to $10 billion in just 10 days. TEN DAYS! That’s quicker than most people decide what to order at a restaurant. “ETF asset equivalent of a God candle,” he quipped, because apparently even analysts enjoy a bit of trading humor. 🕯️💰

LOOK OUT: $ETHA just hit $10b in one year flat, the 3rd fastest ETF to hit that mark in history after (you guessed it) two bitcoin ETFs $IBIT & $FBTC. Amazingly it went from $5b to $10b in just 10 days (ETF asset equiv of a God candle). Is in Top 5 in flows 1M, 1W. Sister Hazel!

— Eric Balchunas (@EricBalchunas) July 24, 2025

But how did we get here? Well, dear reader, let us rewind to early 2024 when ETHA burst onto the scene like an overly eager contestant on a talent show. Approved by the U.S. Securities and Exchange Commission alongside seven other spot Ethereum ETFs, BlackRock filed for the product back in November 2023 and wisely chose Coinbase Prime as its custodian. The ETF charges a modest 0.25% sponsor fee and tracks the market price of Ether, minus expenses and liabilities. A marvel of modern capitalism, truly. 🤑📊

Ethereum ETFs Outpace Bitcoin ETFs in Growth: Who Knew the Underdog Could Bite? 🐶🔥

According to SoSoValue data, Ethereum ETFs have enjoyed strong monthly inflows totaling $4.7 billion, with ETHA leading both in volume and growth rate. On July 17, Ethereum ETFs collectively recorded $602 million in net inflows, leaving Bitcoin ETFs—which managed a mere $523 million on the same day—in their dust. Dust, I tell you! 🏃‍♂️💨

This shift, according to analysts, reflects growing confidence in Ethereum’s long-term value. Its proof-of-stake architecture and role in decentralized finance make it look less like a rebellious teenager and more like a responsible adult compared to Bitcoin. Or so they claim. 😇💼

BlackRock, ever the opportunist, has applied to allow staking in ETHA, which would lock up some of its Ethereum holdings and enable the fund to generate yield. Earlier this year, the SEC clarified that staking rewards are considered income rather than securities, paving the way for potential approval later this year. Imagine earning passive income while sipping coffee and pretending to understand blockchain technology. Ah, modern life! ☕📈

While Bitcoin funds continue to dominate cumulative inflows, Ethereum ETFs are growing at a faster pace thanks to DeFi exposure and possible staking returns. Truly, the future belongs to those brave enough to embrace the chaos of innovation—or at least those clever enough to invest in it. 🚀🔮

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2025-07-25 08:30