BlackRock’s Ether ETF Eclipses $1B Net Assets Milestone in Two Months

• BlackRock’s Ether ETF (ETHA) has reached a key milestone.
• The fund has joined top 20% of the 3,700 ETFs in the U.S. market.
• The development followed massive weekly inflows into spot Ether ETFs.

BlackRock’s spot Ethereum exchange-traded fund, ETHA, has unlocked a key milestone in a record two months, underscoring growing institutional interest in the world’s second-largest crypto asset by market cap.

ETHA’s historic turning point came amid a strong week for spot crypto ETFs in the U.S., which saw Bitcoin funds attract a combined $1.1 billion in net weekly inflows following a long-running period of outflows at the beginning of September. Ether ETFs rode the wave, pulling $84.51 million in weekly net inflows, their highest since the beginning of August.

BlackRock’s ETHA Reaches $1 Billion in Net Assets

According to SoSoValue data , BlackRock’s ETHA amassed $1.04 billion in net assets after witnessing the second-largest daily Ether ETF inflow on Friday, totaling $11.46 million.

Fidelity’s FETH, which held $436.19 million in net assets as of September 27, led the day’s inflows with $42.54 million as Bitwise’s ETHW claimed the third spot with $5.43 million. The remaining funds pulled a combined $9.94 million, while Grayscale’s ETHE bled $10.72 million.

Following the achievement, ETHA became the second Ether ETF to cross the $1 billion mark in net assets after Grayscale’s ETH, which held $1.06 billion as of Friday.

ETF store president Nate Geraci lauded ETHA’s milestone, noting that it positioned the fund among the top 20% of the over 3,700 exchange-traded funds currently available in the U.S. market.

Meanwhile, Grayscale’s ETHE has maintained its crown as the largest spot Ether ETF despite bleeding $2.9 billion since its launch in July.

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