BlackRock’s Ethereum ETF Smashes Records: 3rd-Fastest to $10B AUM—Wall Street Finally Wakes Up

Wall Street's late-night crypto epiphany just hit warp speed. BlackRock's Ethereum ETF blasted past $10 billion in assets under management faster than all but two funds in history—proving even institutional dinosaurs can learn new tricks when money's on the line.

The 800-pound gorilla of asset management just moonwalked into crypto's VIP lounge. Their ETH ETF's explosive growth leaves competitors scrambling and crypto skeptics muttering about 'temporary hype' between martini lunches.

Funny how those 'speculative bubbles' always seem to mint billion-dollar products for finance incumbents. The revolution may not be televised—but it's definitely getting a ticker symbol.

ETHA’s Record-Breaking Performance

ETHA’s 251-day timeline to $10 billion outpaced established funds like JPMorgan’s Nasdaq Equity Premium Income ETF (JEPQ), which required 444 days to reach the same threshold. The achievement establishes ETHA among elite ETF performers in financial markets history.

Industry observers point out the stunning speed of inflows. ETF Store President Nate Geraci noted that three of the quickest ETFs to reach $10 billion AUM are now cryptos, a testament to a change in investor sentiment and institutional adoption.

Even with ETHA’s push, BlackRock’s iShares Bitcoin Trust (IBIT) remains the quickest growing ETF, having reached $10 billion in a record 34 days after launch in January 2024. Fidelity’s Wise Origin Bitcoin Fund did so in 54 days.

Ethereum Institutional Flow

Ethereum-based ETFs have lately witnessed high demand, posting a 14-day inflow sum of $4.4 billion since July. On the other hand, Bitcoin-based ETFs have posted outflows, terminating a preceding 12-day inflow activity.

BlackRock’s action is part of a larger institutional migration towards Ethereum as a long-term holding. The divergent FLOW patterns suggest strategic repositioning toward Ethereum as institutions recognize its utility beyond digital currency.

With the migration to proof-of-stake in Ethereum 2.0 and rising application in DeFi and NFTs, Ethereum is becoming an anchor holding in institutional crypto portfolios.

Volatility remains a concern particularly with the growing open interest and Leveraged long positions in the altcoins but BlackRock’s ongoing investment underscores rising institutional confidence in Ethereum’s position in the digital asset space.

Also Read: Ethereum Validator Rush to Sell, ETH Unstaking Queue Hits $2.27B