BlackRock Ethereum ETF becomes 3rd-fastest to hit $10B in assets
BlackRock’s iShares Ethereum ETF reached $10 billion in assets in just 251 days since its launch one year ago, while its Bitcoin ETF took only 34 days to break the milestone.
BlackRock’s spot Ether exchange-traded fund (ETF) has emerged as one of the fastest-growing ETFs ever, joining the ranks alongside two other cryptocurrency funds.
BlackRock’s iShares Ethereum ETF (ETHA) has become the third-fastest ETF to hit $10 billion in total assets under management (AUM), Bloomberg ETF analyst Eric Balchunas reported on Thursday.
“Amazingly, it [ETHA] went from $5 billion to $10 billion in just 10 days,” Balchunas noted, calling the surge the “equivalent of a God candle.”