BlackRock’s Ethere Ethere Spot hit $ 10B, third fastest ever

Blackrock’s Ether Exchange-Traded Fund (ETF) Spot has emerged as one of the fastest growing ETFs ever, which joins rankings next to two other cryptocurrency funds.

Blackrock’s Ishares etheum etf (etha) became the third fastest ETF to hit $ 10 billion in total assets under Management (AUM), Bloomberg ETF analyst Eric Balchunas reported on Thursday.

“Surprisingly, this (Etha) came from $ 5 billion to $ 10 billion in just 10 days,” said Balchunas, calling the progress “equivalent to a candle of God.”

In this milestone, Etha is now one of the top three fastest growing ETFs worldwide, with each of them Spot crypto etf.

Etha broke $ 10 billion in just 251 days

According to data from Eric Balchunas, Blackrock’s Ishares Etfer ETF reached $ 10 billion in assets in just 251 days after it launched a year ago.

The milestone places ETHA in advance of the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which took 444 days to hit both the score and current rank as the fourth fastest ETF growing on the record.

The President of the Wealth Management of the Novadius Nate Geraci said the three fastest ETFs that hit the $ 10 billion mark are now all Crypto ETF spots, featuring their unprecedented growth speed compared to traditional finances.

“We talk about an ETF industry that is over 3 decades and has nearly 4,400 products,” Geraci Says In a comment to X.

Blackrock’s bitcoin ETF remains front-runner

As Etha’s rapid development exceeds many traditional Finance ETFs, it is still caught behind the explosive victory of the Blackrock’s Bitcoin ETF area.

Launched in January 2024Ishares Bitcoin Trust (IBIT) broke all records by reaching $ 10 billion in assets under Management (AUM) only 34 days after launching.

Related: SEC approved, then immediately quit the change of ETF of Bitwise

The wise source of Fidelity Investments’ was followed by the Bitcoin Fund (FBTC), which hit the same milestone in just 54 days.

Record Ether Etf Inflows as Bitcoin ETFs are slowing down

The Ether ETF saw a sharp spike in the streams in July, while the Bitcoin ETFs were losing steam.

According to In Sosovalue data, ETFs in the US have Posted a 14-day outflow.

Bitcoin ETFs recently stumbling after recording a 12-day flow of flow, with flows that have been negative on July 21. Since then, the US Bitcoin ETFS has seen $ 289 million in the past three days of trading, According to In Sosovalue.