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BlackRock's Ethereum ETF hits $10 billion in 251 days - here's why traders are ditching Bitcoin

Reading time: 3 min • Jul 24, 2025, 07:00 PM (UTC)

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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