25.07.2025 11:26

BlackRock's Ethereum exchange-traded fund (ETF), known as ETHA, has achieved a remarkable milestone, surpassing $10 billion in assets under management (AUM) in a remarkably short timeframe. This rapid growth makes it the third-fastest ETF to reach this significant figure, trailing only two Bitcoin spot ETFs. The achievement highlights the substantial investor interest in Ethereum-based investment vehicles.

The speed of ETHA's ascent is particularly noteworthy. According to Bloomberg ETF analyst Eric Balchunas, the fund doubled its AUM from $5 billion to $10 billion within just two weeks, a phenomenal surge he described as a "God candle." This dramatic increase follows eleven consecutive weeks of positive inflows, underscoring sustained investor confidence in the Ethereum market.

This rapid accumulation of assets is not an isolated event. The recent surge in daily net inflows, beginning in early July, directly coincided with a significant price increase for Ethereum, propelling it from approximately $2,400 to $3,800 – a 45% monthly gain. This rally, fueled by both retail and institutional investor demand, including substantial purchases from treasury firms, subsequently led to significant profit-taking. Mid-July saw an average daily profit-taking of $1.4 billion, mirroring previous instances of profit-taking following market peaks earlier in 2024.

However, the recent price action shows a temporary pullback. At the time of writing, Ethereum is trading around $3,600, experiencing a 6% decline from its recent high of $3,800, following a sharp drop in Bitcoin's price. This correction could potentially be a healthy consolidation before another push towards the $4,000 mark. The overall picture, though, remains positive, reflecting the considerable and sustained interest in Ethereum ETFs.