BlackRock’s Ethereum ETF Tops $10B as Sector Sees $8.7B Inflows in First Year
Spot Ethereum ETFs have drawn nearly $8.7 billion in net inflows since launching on July 23, 2024 — with more than $4.6 billion pouring in over the last two weeks alone — as institutional appetite for crypto exposure grows.
Leading the charge is BlackRock’s iShares Ethereum Trust (ETHA), which has now surpassed $10 billion in assets under management. According to Bloomberg Intelligence’s Eric Balchunas, ETHA becomes the third-fastest ETF in history to cross that threshold, trailing only BlackRock’s own Bitcoin fund (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC).
The momentum coincides with a sharp rally in ether (ETH), which surged 26% during the week of July 14 and 16% the week prior. ETH is now up 11% year-to-date, trading at $3,704.
Despite persistent outflows from Grayscale’s Ethereum Trust (ETHE), the new wave of ETFs — including offerings from Fidelity, VanEck, Franklin Templeton, and others — has enjoyed 15 consecutive days of net inflows.
Analysts attribute the surge to a combination of ETH’s recent performance, the growing role of Ethereum in institutional portfolios, and optimism around clearer U.S. crypto regulation. The SEC’s recent signaling of support for legislative clarity has sparked renewed inflows across digital asset markets, with Ethereum taking center stage in this rotation.
