Well, darling, hold onto your hats! BlackRock’s spot Ether exchange-traded fund (ETF) has rubbed shoulders with the elite, emerging as the third-fastest ETF ever to ascend to dizzying heights of $10 billion in assets. It’s practically a party! 🎉
According to our dear friend Eric Balchunas, the ETF maven at Bloomberg, the iShares Ethereum ETF (ETHA) accomplished this feat with staggering flair. “It leapt from $5 billion to $10 billion in a mere 10 days,” he remarked, suggesting it was “the equivalent of a God candle.” I can just picture it now—holy illumination over Wall Street! ✨
This delightful milestone places ETHA amongst the crème de la crème of swift ETFs, with its companions being fellow cryptocurrencies. Who knew virtual coins could be so sprightly? 🏃♂️💨
ETHA Breaks $10 Billion in Just 251 Days! 🎊
Digging into the numbers, it seems our prodigious friend ETHA managed to reach that brilliant $10 billion mark in a frisky 251 days, having launched a mere year ago. It’s like watching a rocket taking off, isn’t it? 🚀
Compare this to the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), which dawdled along for 444 days before finally matching the same milestone, thus serenely claiming its position as the fourth fastest on record. Oh dear, bless its heart. 😴
Nate Geraci, the somewhat illustrious president of NovaDius Wealth Management, mused that now all three top ETFs to hit the $10 billion mark are, surprise surprise, spot crypto ETFs. How riveting this newfound speed must be for the staid world of traditional finance! 🧐
“We’re dealing with an ETF industry that’s been around for over three decades, sporting nearly 4,400 products,” Geraci quipped on X. Talk about an astounding transformation in genteel finance! 🍸
BlackRock’s Bitcoin ETF: The Overachiever of the Bunch!
Though ETHA’s whirlwind ascent has left many conventional financiers slack-jawed, it’s still in the shadow of BlackRock’s phenomenon of a Bitcoin ETF. Launched in January 2024, the iShares Bitcoin Trust (IBIT) wasn’t simply green; it shattered every record by fluttering to $10 billion in assets in just 34 days. How utterly pedestrian, right? 😏
Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) also joined the fray, reaching the same golden milestone in just 54 days. I do hope they’re all bringing cake to the party! 🎂
Record Ether ETF Inflows Amid Bitcoin ETFs’ Meltdown!
Turning our gaze now to the market, Ether ETFs have seen a delightful surge in inflows during July, while Bitcoin ETFs are looking a bit weary. According to our ever-watchful pals at SoSoValue, Ether ETFs in the US have celebrated a 14-day inflow streak, racking up an impressive $4.4 billion since July 3. One might say they’re on a roll! 🥖
Meanwhile, Bitcoin ETFs seem to have stumbled slightly, ending a 12-day inflow streak with a rather unfortunate negative turn on July 21. They’ve witnessed $289 million of outflows in just three trading days. Perhaps someone should remind them that a good ETF shouldn’t throw a tantrum! 🤷♂️
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2025-07-24 17:39