BlackRock’s ETHA ETF Skyrockets to 4th Place with Record $10B Ethereum Fund Ambitions

Wall Street’s crypto love affair hits new heights as BlackRock’s Ethereum-based ETHA ETF soaks up institutional cash like a blockchain sponge. The fund just bulldozed its way into the top 5—proving even traditional finance can’t resist DeFi’s siren song (though they’ll still charge you 2% for the privilege).

30-day inflows? Dominated. $10B target? Locked on. While suits argue about ‘asset bubbles,’ smart money’s quietly stacking ETH like digital gold 2.0. The real question: When do we start seeing ‘ETH maximalist’ hedge fund managers?

ETHA joins the “big boy club”

Bloomberg senior ETF analyst Eric Balchunas highlighted thatin the past 30 days. ETHA took the spot as the fourth-largest ETF, showing nearly $3.9 billion in inflows, roughly 4% of the total.

Moreover, Balchunasthat ETHA registered the 17th-largest trading volume among ETFs as of July 28, 11:25 am ET. He added:

As of press time, ETHA’s daily trading volume stands at $1.35 billion,from CoinMarketCap.

Rising conviction in Ethereum

Shawn Young, chief analyst at MEXC Research, assessed that theand corporate treasury firms’ appetite for ETH. 

In a note, he said this growth reflects the increased conviction in Ethereum’s utility, sustainability, and long-term staying power, particularly due to its use in tokenization, stablecoins, and on-chain settlement.

He concluded: