BlackRock’s iShares Ethereum ETF, trading under the ticker ETHA, has accumulated more than $10 billion in assets under management roughly one year after its debut, according to fund-flow data compiled on 24 July
BlackRock’s iShares Ethereum ETF, trading under the ticker ETHA, has accumulated more than $10 billion in assets under management roughly one year after its debut, according to fund-flow data compiled on 24 July. The achievement makes ETHA the third-fastest exchange-traded fund on record to reach the $10 billion threshold, trailing only the spot Bitcoin funds IBIT and FBTC that launched earlier this year.
The rapid ascent underscores sustained investor appetite for cryptocurrency-linked securities within the three-decade-old ETF industry, which now encompasses about 4,400 products. ETHA’s asset base has more than doubled in July alone, benefiting from continued inflows into digital-asset products amid a broader rebound in crypto markets.
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Source: https://thedefiant.io/news/markets/blackrock-ishares-ethereum-etf-hits-10-billion-record-time-cac06a8c