BlackRock’s iShares Ethereum ETF (ETHA) has crossed a major milestone, reaching over $10 billion in assets under management (AUM) just 251 days after launching. While the firm’s Bitcoin ETF did so much more quickly, ETHA is one of the fastest-growing exchange-traded funds (ETFs) on record.
ETHA joins elite group of fastest-growing ETFs
BlackRock’s in-aggregate Ether ETF, the iShares Ethereum ETF, has been one of the fastest-growing ETFs ever, Bloomberg ETF analyst Eric Balchunas reported on Thursday. Balchunas reported that ETHA ranked as the third-fastest among ETFs to reach $10 billion AUM.
“Unbelievably, it [ETHA] accelerated from $5 billion to $10 billion in 10 days,” Balchunas said, describing the growth as the “God candle” equivalent.
With this performance, ETHA joins the ranks of the world’s three fastest-growing ETFs, each one a spot cryptocurrency fund.
ETHA reaches $10 billion in 251 days
ETHA’s achievement is all the more remarkable compared to other high-growth ETFs. Balchunas’ numbers show ETHA just reaching the $10 billion mark in 251 days since it came onto the scene last year, much faster than the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which only reached the same milestone after 444 days. JEPQ is currently the fourth-fastest-growing ETF.
Commenting on the rapid success of ETHA, NovaDius Wealth Management President Nate Geraci said the rapidity is part of a broader trend for digital asset funds.
“The three fastest ETFs to hit the $10 billion mark are now all spot crypto ETFs,” Geraci noted on X, emphasizing how dramatically they’ve outpaced legacy finance products. “We’re talking about an ETF industry that’s been around for over 3 decades and has nearly 4,400 products.”
Bitcoin ETF still leads the pack
While ETHA has extremely strong momentum, it still trails the spot BlackRock Bitcoin ETF, which is the highest-growing ETF in history. iShares Bitcoin Trust (IBIT), launched in January 2024, reached $10 billion in AUM within a mere 34 days, a new standard for the industry.