BlackRock’s iShares Ethereum Trust (ETHA) has officially reached $10 billion in assets under management (AUM), achieving this in just 251 days. That makes it the third-fastest ETF in U.S. history to reach this milestone—trailing only the iShares Bitcoin Trust (IBIT), which took 34 days, and Fidelity’s FBTC (54 days). In July alone, ETHA doubled its AUM in just 10 days, marking one of the most aggressive inflow waves of the year.
Ethereum ETF Inflows Surpass Bitcoin
In mid-July, spot Ethereum ETFs brought in approximately $4.7 billion, including a staggering $602 million on July 17, surpassing Bitcoin ETF inflows for the same day ($523 million). This surge underlines growing institutional demand for Ethereum, particularly after SEC approval and increasing DeFi integration on the Ethereum blockchain.
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! pic.twitter.com/Jrrb15BdHV
— Eric Balchunas (@EricBalchunas) July 24, 2025
Bloomberg analysts even labeled ETHA’s July spike a “God candle” for Ethereum ETF flows. Notably, the leap from $5B to $10B AUM occurred in just 10 trading days.
Why ETHA Is So Popular
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Staking and PoS Transition: Ethereum’s move to proof-of-stake improved energy efficiency and opened doors for yield opportunities via staking.
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Regulatory clarity: SEC’s greenlight in 2024 for spot Ether ETFs reassured institutional investors. Coinbase Prime was selected as ETHA’s custodian.
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Low expense ratio: With a competitive 0.25% fee, ETHA undercuts several competitors, making it appealing for both institutions and retail investors.
What It Means for the Market
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Ethereum is maturing: It’s no longer just a smart contract platform — it’s a serious institutional asset.
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Spot Ethereum ETFs are here to stay: The rapid AUM growth shows strong interest and long-term confidence.
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BTC vs ETH dynamics evolving: While Bitcoin ETFs still dominate overall AUM, Ethereum is catching up fast in daily inflows and growth momentum.
Platforms like SwapGate provide traders with flexibility to exchange ETH or ETHA-related assets (e.g., USDT, DAI) instantly and securely. As volatility increases, especially around ETF-driven price movements, fast crypto-to-crypto swaps become crucial. SwapGate supports these transactions with no registration, making it a valuable tool for responsive portfolio management.
Conclusion
BlackRock’s ETHA making it to $10 billion in just 251 days isn’t just a headline—it’s a clear signal that Ethereum is becoming a leading institutional asset. This ETF success highlights growing confidence in Ethereum’s long-term value and its DeFi ecosystem.
Investors watching the crypto ETF space should consider tools like SwapGate to respond quickly to market shifts, protect gains, or reposition into stablecoins. Ethereum’s future just got a big institutional stamp of approval—and the market is paying attention.