
BlackRock's Ethereum ETF hits $10 billion in 251 days - here's why traders are ditching Bitcoin
Key Points
- BlackRock's Ethereum ETF soared to $10 billion in just 251 d...
BlackRock's Ethereum ETF just pulled off something that would make a Formula 1 driver jealous: it went from zero to $10 billion in assets in just 251 days, making it the third-fastest ETF to hit this milestone in history. To put this in perspective, that's faster than most people can save up for a decent used car.
The real kicker? ETHA tripled from $5 billion to $10 billion in a mere 10 days. Bloomberg ETF analyst Eric Balchunas called this a "God candle" - which in trader speak means the kind of chart that makes you question whether you're looking at real data or someone's wishful thinking s...
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