Ethereum ETF Inflows Hit $8.7B in Year One as $5B Floods In Over Two Weeks

BlackRock’s Ethereum ETF Surpasses $10B as Spot ETH Funds Record Strong First-Year Inflows

BlackRock’s iShares Ethereum Trust (ETHA) has officially crossed $10 billion in assets under management, marking a major milestone for Ethereum-based investment products. The milestone comes amid a broader surge in demand for spot Ethereum ETFs, which have attracted $8.7 billion in net inflows during their first year on the U.S. market.

Launched on July 23, 2024, spot ETH ETFs have gained momentum despite ongoing redemptions from Grayscale’s Ethereum Trust (ETHE). Notably, more than $4.6 billion flowed into these products over the past two weeks alone — nearly half of their total first-year haul — fueled by growing institutional interest and renewed bullish sentiment across the crypto market.

ETHA now ranks as the third-fastest ETF in history to reach $10 billion in AUM, according to Bloomberg Intelligence’s Eric Balchunas. Only BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) reached that threshold faster.

Ether (ETH) has also outperformed in recent weeks, jumping 26% during the week of July 14 after gaining 16% the previous week. ETH is currently trading at $3,704, up 11% for the year.

The first wave of Ethereum ETFs — which includes products from Fidelity, VanEck, Franklin Templeton, Grayscale, and others — launched just months after the blockbuster debut of spot Bitcoin ETFs. Since then, the ETH funds have posted 15 consecutive days of inflows, underscoring rising confidence in Ethereum’s role in diversified portfolios.

Market analysts credit the recent surge to both price momentum and improving regulatory sentiment. The U.S. SEC has signaled increased willingness to engage with crypto-focused legislation, encouraging investors to rotate capital back into digital assets — with Ethereum standing out as a favored allocation.