BlackRock’s ETHA Becomes Third Fastest ETF to Hit $10B
The post BlackRock’s ETHA Becomes Third Fastest ETF to Hit $10B appeared on BitcoinEthereumNews.com. The fund doubled from $5 billion to $10 billion in just 10 days—a growth Bloomberg’s Eric Balchunas called a “God candle.” This surge shed some light on the rising dominance of spot crypto ETFs, with ETHA trailing only BlackRock’s IBIT and Fidelity’s FBTC. Meanwhile, Ethereum ETFs are experiencing strong capital inflows, pulling in $4.4 billion over the past two weeks. Despite the bullish momentum, 10x Research warns that Ethereum may face short-term headwinds due to overbought conditions and rising wETH borrowing costs. Historically, however, Ethereum performs strongest in Q4. ETHA Breaks $10 Billion BlackRock’s iShares Ethereum ETF (ETHA) officially joined the ranks of the fastest-growing exchange-traded funds (ETFs) in history. According to Bloomberg ETF analyst Eric Balchunas, ETHA reached $10 billion in assets under management (AUM) just 251 days after its launch. Even more remarkable, the fund surged from $5 billion to $10 billion in only 10 days—a momentum Balchunas described as the ETF equivalent of a “God candle.” This refers to a massive, rapid upward movement typically seen in trading charts. This rapid ascent places ETHA as the third-fastest ETF to reach the $10 billion milestone, ahead of other well known traditional finance products like the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which took 444 days to hit the same mark. The top two positions are occupied by other spot crypto ETFs: BlackRock’s own iShares Bitcoin Trust (IBIT), which reached $10 billion in just 34 days after its January 2024 debut, and Fidelity’s Wise Origin Bitcoin Fund (FBTC), which did so in 54 days. Nate Geraci, president of NovaDius Wealth Management, pointed out that this feat by ETHA proves the growing dominance of spot crypto ETFs in an industry that spans over three decades and includes close to 4,400 different products. ETHA’s surge also coincides with a sharp…
The post BlackRock’s ETHA Becomes Third Fastest ETF to Hit $10B appeared on BitcoinEthereumNews.com.
The fund doubled from $5 billion to $10 billion in just 10 days—a growth Bloomberg’s Eric Balchunas called a “God candle.” This surge shed some light on the rising dominance of spot crypto ETFs, with ETHA trailing only BlackRock’s IBIT and Fidelity’s FBTC. Meanwhile, Ethereum ETFs are experiencing strong capital inflows, pulling in $4.4 billion over the past two weeks. Despite the bullish momentum, 10x Research warns that Ethereum may face short-term headwinds due to overbought conditions and rising wETH borrowing costs. Historically, however, Ethereum performs strongest in Q4. ETHA Breaks $10 Billion BlackRock’s iShares Ethereum ETF (ETHA) officially joined the ranks of the fastest-growing exchange-traded funds (ETFs) in history. According to Bloomberg ETF analyst Eric Balchunas, ETHA reached $10 billion in assets under management (AUM) just 251 days after its launch. Even more remarkable, the fund surged from $5 billion to $10 billion in only 10 days—a momentum Balchunas described as the ETF equivalent of a “God candle.” This refers to a massive, rapid upward movement typically seen in trading charts. This rapid ascent places ETHA as the third-fastest ETF to reach the $10 billion milestone, ahead of other well known traditional finance products like the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which took 444 days to hit the same mark. The top two positions are occupied by other spot crypto ETFs: BlackRock’s own iShares Bitcoin Trust (IBIT), which reached $10 billion in just 34 days after its January 2024 debut, and Fidelity’s Wise Origin Bitcoin Fund (FBTC), which did so in 54 days. Nate Geraci, president of NovaDius Wealth Management, pointed out that this feat by ETHA proves the growing dominance of spot crypto ETFs in an industry that spans over three decades and includes close to 4,400 different products. ETHA’s surge also coincides with a sharp…
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