BlackRock’s Ethereum ETF Hits $10B in 1-Year Milestone

- BlackRock’s Ethereum ETF AUM doubles to $10 billion in 10 days. - Record-breaking growth driven by institutional demand for Ethereum. On July 24, 2025, BlackRock's iShares Ethereum Trust (ETHA) surpassed $10 billion in assets under management (AUM) within its first year. The Block reported on July 24 that this ranks it as the third-fastest exchange-traded fund (ETF) to achieve this milestone. This accomplishment highlights Ethereum's expanding institutional adoption and solidifies its position as a high-demand digital asset. In just 10 days, ETHA’s AUM doubled from $5 billion to $10 billion. This rapid growth reflects a broader surge in inflows across Ethereum-based funds. On Wednesday alone, Ethereum ETFs registered $332.2 million in net inflows, with ETHA leading the charge at $324.6 million. As a result, cumulative net inflows across nine U.S.-based Ethereum ETFs have now reached $8.65 billion, showcasing a growing appetite for Ethereum among institutional investors. The U.S. Securities and Exchange Commission (SEC) created a turning point for these developments when it formally approved spot Ethereum ETFs in May 2024. Subsequently, trading for these ETFs began on July 23, 2024, opening a path for institutional capital to enter the asset class. As Ethereum funds gain ground, industry experts observe a shift away from Bitcoin investments. For instance, on Wednesday, Bitcoin ETFs recorded net outflows of $85.96 million. Bitwise Chief Investment Officer Matt Hougan attributes this trend to a "demand shock" for Ethereum. He notes that funds and treasury companies have collectively acquired 2.83 million ETH since May 2024. Hougan predicts that ETFs and treasury firms could invest up to $20 billion in Ethereum over the next year. Recent market data shows Ethereum (ETH) trading at $3,705.62 as of 17:09 UTC on July 24, while its 24-hour trading volume increased by 3.96%.