BlackRock’s Ethereum ETF Smashes Records: Hits $10B Faster Than 97% of ETFs Ever Launched

Wall Street's crypto love affair hits new heights as BlackRock's Ethereum ETF rockets past $10 billion—faster than all but two ETFs in history. The institutional stampede into crypto just got louder.

Move over, boomer funds—digital assets are eating your lunch. BlackRock's ETH ETF hit the $10B milestone in record time, proving even the suits can't ignore blockchain's gravitational pull. But let's be real: they'll still take a 2% management fee for the privilege.

The speedrun to $10B exposes an ugly truth: traditional finance is desperate for crypto's growth story. While pension funds chase yield, Ethereum's network keeps printing enterprise-grade infrastructure. The smart money knows which horse to back.

One hedge fund manager sniffed: 'We'd never touch this volatility.' Meanwhile, his clients' portfolios are 30% cash and 70% regret. The future won't wait for permission.

Ethereum ETFs outpace Bitcoin ETFs in pace of growth

According to SoSoValue data, Ethereum ETFs have seen strong monthly inflows totaling $4.7 billion, with ETHA leading in both volume and growth rate. On July 17, Ethereum ETFs collectively recorded $602 million in net inflows, outpacing Bitcoin ETFs, which took in $523 million on the same day. 

This rotation, according to analysts, is a reflection of growing confidence in Ethereum’s long-term value, which includes its proof-of-stake architecture and its role in decentralized finance. 

BlackRock has applied to allow staking in ETHA, which WOULD lock up some of its Ethereum holdings and enable the fund to generate yield. A SEC decision earlier this year clarified that staking rewards are considered income rather than securities, paving the way for approval later this year.

Although Bitcoin funds continue to dominate cumulative inflows, Ethereum ETFs are growing at a faster rate thanks to DeFi exposure and possible staking returns.