Hey folks, get a load of this: The BlackRock iShares Ethereum Trust (ETHA) has hit a whopping $10.5 billion in assets under management, all thanks to a flood of cash pouring into the underlying asset. Who knew Ethereum could be such a cash cow? 🐄💸
According to Bloomberg ETF expert Eric Balchunas, the fund reached the $10 billion mark “in one year flat,” making it the third-fastest ETF to achieve this milestone in history. But wait, there’s more!
“Amazingly, it went from $5 billion to $10 billion in just ten days,” he said, probably while doing a double take at his calculator. 🧮😲
And guess what? The top two ETFs to hit that milestone within a year are none other than BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC). It’s like a race to the moon, but with digital currencies! 🚀🌙
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
Fidelity Saves the Day with a Record Inflow
While BlackRock’s ETHA fund had a rare zero inflow day on Thursday, Fidelity came to the rescue with a massive $210 million inflow for its FETH fund. This was a new inflow record for the asset manager, according to industry expert Nate Geraci. It’s like Fidelity said, “If you can’t beat them, join them!” 💪💪
The total inflow for the day for spot Ether ETFs in the United States was $231 million, marking the fifteenth consecutive trading day without an outflow. The last time we saw any money leaving these funds was just $1.9 million on July 2. Talk about a winning streak! 🎉🏆
Over the past seven trading days, more than $3 billion has poured into these funds, accounting for about a third of the total inflow since their launch in July 2024. That’s a lot of dough! 🍞🍔
Geraci also noted on Friday that spot Ether ETFs have attracted more new capital than spot Bitcoin ETFs in each of the past six trading days, with $2.4 billion compared to $830 million. He called it a “noticeable difference” and something to keep an eye on. It’s like the tables have turned, and ETH is the new kid on the block! 🏦🔄
Bitwise estimates that ETPs and corporate treasuries have collectively bought 2.8 million ETH since mid-May, which is about 32 times the net new supply over the same period. That’s a whole lotta ETH! 🌠🔥
ETH Stays Strong While BTC Takes a Dive
The constant buying pressure has kept ETH from its usual habit of dumping when Bitcoin takes a hit. Instead, ETH has stayed steady, while BTC has dropped more than 3% over the past 12 hours. It’s like ETH is saying, “I’ve got this!” while BTC is taking a breather. 🏃♂️ отдыхающийBTC
Ether prices are currently holding at $3,630, and the asset has been in a range-bound channel over the past week. Despite the recent volatility, ETH is still up 48% over the past month, thanks to the influx of institutional funds and corporate treasuries. It’s a bull market, baby! 📈🐂
“We’re optimistic that BTC and altcoins will recover from the current dip as Ether ETFs and crypto options set to expire,” said Nick Ruck, director at LVRG Research. Let’s hope he’s right, or else we might need to call it a bear market. 🐻🚨
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2025-07-25 10:09