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Ethereum ETF Market Heats Up with BlackRock’s ETHA Drawing Unprecedented $300M in a Day

Investor interest in U.S.-listed ether ETFs is climbing sharply, helping Ethereum’s ether (ETH) price return to $3,000.

Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing renewed traction among investors. Spot exchange-traded funds (ETFs) tied to ETH in the United States have logged one of their most significant streaks of inflows since launching a year ago.

On Thursday, BlackRock’s iShares Ethereum Trust (ETHA) recorded its highest daily inflow yet, attracting more than $300 million. This pushed the fund’s total assets under management (AUM) to $5.6 billion, according to data from Farside Investors.

The surge is part of a broader comeback for ether-focused investment vehicles.

Altogether, the nine U.S.-listed ETH ETFs drew in $703 million in net inflows this week, data from crypto analytics firm SoSoValue shows. Even without Friday’s final numbers, the week has already ranked as the third-largest for inflows since these products launched in July of last year.

Remarkably, this uptick in interest comes despite ether underperforming bitcoin so far this year, a recent report from asset manager Fineqia noted.

Fineqia’s research highlighted that the AUM of ETH-backed exchange-traded products (ETPs) grew 61% faster during the first half of 2025 than ether’s own market capitalization, indicating strong and consistent demand for these products.

The report also found that interest in ETH ETPs began rebounding in late April and remained robust through June, outpacing the growth in ETH’s price.

This influx of investment has contributed to ether’s climb back to $3,000, its highest level in more than four months.