BlackRock's Ethereum ETF becomes the third fastest fund to reach a scale of $10 billion, with its market capitalization doubling in ten days.

Following the surge of funds triggered by the Bitcoin Spot ETF, Ethereum is not to be outdone. The Ethereum Spot ETF launched by BlackRock not only surpassed $10 billion in assets within 251 days but also benefited in July 2025, with monthly inflows exceeding the total of the previous entire year. This not only marks a milestone in ETF history but also symbolizes the establishment of Ethereum's on-chain economic asset status in the market.

BlackRock's ETHA scale breaks through $10 billion in just 251 days.

BlackRock has once again broken historical records in the ETF market. Bloomberg ETF analyst Eric Balchunas stated today that ETHA has reached an asset management scale of 10 billion dollars only 251 days after its launch, becoming the third fastest ETF in history to achieve this milestone.

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! pic.twitter.com/Jrrb15BdHV

— Eric Balchunas (@EricBalchunas) July 24, 2025

Currently, the other two ETFs that are among the top three along with ETHA are BlackRock's own Bitcoin Spot ETF (IBIT) and Fidelity's FBTC, which took only 34 days and 53 days, respectively.

It's not just the speed that is noteworthy; Balchunas also pointed out: "ETHA skyrocketed from 5 billion to 10 billion in just 10 days, ranking in the top five for fund inflows over the past month and week, demonstrating unprecedented capital attraction."

Bitcoin retreat, Ethereum spot ETF sparks a capital rush in July

Compared to the cooling flow performance of Bitcoin Spot ETF in July, Ethereum Spot ETF has become the new darling of funds. According to SoSoValue data, since July, the Ethereum ETF in the United States has experienced net inflows for 14 consecutive trading days, with total inflows reaching as high as 4.4 billion USD. Among them, the largest single-day inflow amount reached 727 million USD, setting a new record since the listing of ETHA.

In contrast, Bitcoin Spot ETF has seen net outflows since July 21, with a total outflow of 289 million USD over the past three trading days, indicating that part of the market's funds seem to be gradually shifting from Bitcoin to Ethereum.

Bitwise Chief Investment Officer Matt Hougan also succinctly compared in a post on X: "From July 2024 to June 2025, Ethereum ETFs had a total inflow of $4.2 billion, while the inflow in July 2025 alone reached as high as $4.4 billion, surpassing the total of the previous entire year, which can be described as explosive growth."

(Bitwise: The ETF and Ethereum reserve companies have caused a supply-demand imbalance, and ETH is still bullish in the future)

Corporate Promotion Wave: ETH as on-chain Economic Reserve

The explosive growth of Ethereum ETFs is also closely related to the recent attention on Ethereum financial reserve companies, including BitMine ($BMNR) and Sharplink Gaming ($SBET), which has sparked a buying frenzy for ETH from Wall Street to retail investors, endorsing Ethereum's position as the "second largest reserve asset allocation."

As of now, over 2.31 million ETH have been held by publicly traded companies, reflecting the trust foundation of ETH as an enterprise-grade asset. This has also led to the rare outperformance of ETH against BTC in the price performance over the past few weeks.

The research institution Artemis also pointed out that as Bitcoin successfully overcomes decades of skepticism and establishes itself as "digital gold," Ethereum is also on a similar path, becoming a scarce, producible, and trustworthy reserve asset in the on-chain economy.

He emphasized that in the future, the value of ETH will no longer be limited to Gas fees, but will be an indispensable energy for on-chain finance.

(From an economic value perspective, Ethereum: Bitcoin has overcome early skepticism to become digital gold, now it's ETH's turn)

This article states that BlackRock's Ethereum ETF has become the third fastest to reach a scale of 10 billion USD, with its market value doubling in ten days. It first appeared in on-chain news ABMedia.