Share this article
BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows
ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.
Aug 21, 2024, 12:58 p.m.
Make us preferred on Google
- BlackRock's iShares Ethereum Trust (ETHA) has surpassed $1 billion in cumulative net inflows, making it the first among 11 issuers to reach this milestone.
- Ethereum ETFs as a whole have seen cumulative net outflows of over $440 million, underperforming compared to bitcoin ETFs, with BlackRock's bitcoin fund even ranking among the top five ETFs for 2024 inflows.
BlackRock’s iShares Ethereum Trust (ETHA), its spot ether exchange-traded fund (ETF), on Tuesday became the first among a cohort of 11 issuers to cross the landmark $1 billion in net inflows, data shows.
ETHA holds over $860 million in net assets, surpassed only by Grayscale’s mini ether trust and Ethereum trust (ETHE).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ETHA’s net inflows are more than the next three highest ETF inflows combined, SoSoValue data shows. Fidelity’s FETH has taken on a total of $367 million since the funds went live July 23, Bitwise’s ETHW has taken $310 million and Grayscale’s ETH has taken on $227 million.
Other ETFs have recorded less than $60 million in net inflows, the data shows. Meanwhile, Grayscale’s ETHE – converted from an institutional-only trust product – has been the biggest loser, with $2.7 billion in net outflows since going live.
The various ETFs have underperformed their bitcoin counterparts with over $440 million in cumulative net outflows. In comparison, the first month of spot bitcoin exchange-traded funds saw daily net inflows of about $125 million, as reported, accumulating over $11 billion worth of bitcoin (minus outflows from the Grayscale’s trust-converted GBTC).
BlackRock’s bitcoin fund even made it in the top five of all ETFs, even non-crypto ones, based on 2024 inflows, putting it on similar levels with industry-leading indexing giants like the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO).
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
