BlackRock’s iShares Ethereum Trust (ETHA) has just crossed $10 billion in assets under management, which is about the same amount of money you’d need to bribe a Discworld wizard to stop talking about “the old days.” According to Bloomberg’s Eric Balchunas, ETHA achieved this feat in one year, trailing only two Bitcoin ETFs—because, of course, Bitcoin had to be the cool kid in the crypto classroom. 🐉
LOOK OUT: $ETHA just hit $10b in one year flat, the 3rd fastest ETF to hit that mark in history after (you guessed it) two bitcoin ETFs $IBIT & $FBTC. Amazingly it went from $5b to $10b in just 10 days (ETF asset equiv of a God candle). Is in Top 5 in flows 1M, 1W. Sister Hazel!
“ETHA just hit $10 billion in one year flat,” said Balchunas, who might as well be narrating a Discworld novel where money grows on trees. “Amazingly, ETHA went from $5 billion to $10 billion in just 10 days,” he added, comparing the surge to a “God candle”—a term that sounds like something a Discworld alchemist would use to describe a particularly enthusiastic dragon sneeze. 🧙
Blackrock ETH ETF Among Three Fastest to Reach $10 Billion
Nate Geraci of ETF Store noted, “iShares Ethereum ETF becomes the third fastest ETF to reach $10 billion in assets,” which is impressive, considering the ETF industry has been around for 30 years and has nearly 4,400 products. That’s like saying the fastest-growing tree in the Discworld is a sapling, and the rest are just moss. 🌿
Ethereum is now the flavor of the month for institutional investors, which is either a sign of genius or a very convincing PowerPoint. Earlier this month, Tom Lee of Fundstrat called Ethereum “Wall Street’s preferred choice” for blockchain infrastructure, citing JPMorgan’s stablecoin and Robinhood’s tokenization programs as examples. In other words, traditional finance is now Ethereum’s new best friend—like a troll finally learning to share. 🤝
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2025-07-24 18:29