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International Business Times
International Business Times
Business
Marvie Basilan

BlackRock's Spot Ethereum ETF Hits $1B In Total Net Asset Value

BlackRock ETF Ethereum Bitcoin Nate Geraci Grayscale SEC
BlackRock has found massive success with its spot Bitcoin ETF, and now it is has hit a new milestone with its spot Ethereum ETF. (Credit: BlackRock ETHA Website/Screenshot)

KEY POINTS

  • $ETHA passed $1 billion in total net asset value on Friday, becoming the second spot Ether ETF to do so
  • The ETF's cumulative net inflows stand at $1.13 billion as of Friday – in second spot is Fidelity's FETH with $478M
  • The milestone puts $ETHA within the 'top 20%' of all the 3,700 existing ETFs, said Nate Geraci

BlackRock's spot Ethereum exchange-traded fund (ETF) ETHA has reached a new milestone just two months after spot ETH ETFs were launched – it has become the second Ether ETF to pass $1 billion in net asset value after Grayscale's ETH.

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