BlackRock’s ETHA reached $10 billion in net assets within one year, boosted by over $324 million in single-day inflows.
ETH spot trading volume surpassed Bitcoin for the first time in over a year, signaling a shift in investor preference.
ETH ETFs posted their strongest week since inception, with ETHA collecting over 80% of the category’s total weekly inflows.
BlackRock’s spot Ethereum ETF has surpassed $10.09 billion in net assets, marking a major milestone as ETHA completes one year since launch. The fund recorded $324.63 million in net inflows on July 23, pushing it to this new benchmark. According to SoSo Value, ETHA now holds 2.3% of Ethereum’s total market capitalization.
The ETF doubled its assets from $5 billion to over $10 billion within just ten days. Bloomberg analyst Eric Balchunas highlighted the rapid growth, comparing it to a “God candle” in asset accumulation. ETHA now ranks as the third-fastest ETF in history to hit the $10 billion milestone, trailing only BlackRock’s IBIT and Fidelity’s FBTC, both Bitcoin ETFs.
Top Performance Among Ethereum Funds
ETHA currently leads all Ethereum ETFs in recent performance. Over the past week alone, the fund attracted $1.76 billion of the $2.18 billion total ETH ETF inflows. It has also ranked among the top five in ETF net inflows over the past week and month. These gains have contributed to the best weekly performance for ETH ETFs since their market debut.
The achievement coincides with the first anniversary of ETHA and other spot Ethereum ETFs, all of which launched on July 23, 2024. Over the past fourteen trading sessions, ETHA has consistently reported daily net inflows. This sustained growth contrasts with the recent three-day streak of net outflows from Bitcoin ETFs.
Ethereum Overtakes Bitcoin in Spot Volume
Data from CryptoQuant shows Ethereum has surpassed Bitcoin in spot trading volume for the first time in over a year. Last week, ETH recorded $25.7 billion in spot trades, compared to Bitcoin’s $24.4 billion. This shift indicates a strong investor rotation from BTC into ETH and related altcoins.
Investor interest has likely been boosted by optimism around regulatory developments. BlackRock recently filed to include staking features within its ETH ETF structure, a move that could further enhance its appeal.
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