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3d ago

Ethereum ETFs Outpace Bitcoin as ETHA Hits $10 Billion Milestone

BlackRock has applied to enable staking in its ETHA fund after the SEC classified staking rewards as income.

blackrock

Overview

  • BlackRock’s iShares Ethereum Trust reached $10 billion in assets under management in just over a year, making it the third-fastest ETF in U.S. history to achieve the milestone and doubling from $5 billion in ten days.
  • Nine spot Ethereum ETFs recorded net inflows exceeding $1.8 billion this week, extending a 16-day positive streak and vastly outpacing the $70 million added by twelve Bitcoin funds.
  • ETHA’s surge reflects growing institutional demand and investor interest in Ethereum’s proof-of-stake blockchain and its integration with decentralized finance.
  • BlackRock has filed with the SEC to permit ETHA to stake a portion of its Ethereum holdings for yield generation, building on the SEC’s guidance that staking rewards are treated as income.
  • Recent regulatory developments, including the GENIUS Act stablecoin law, have strengthened the appeal of Ethereum-based products and fueled ETF inflows.