iShares Ethereum ETF surpasses $1B in assets amid market recovery

Blackrock’s iShares Ether ETF has accumulated over $1 billion in assets in just two months. The Ethereum ETF has seen massive inflows, even as crypto investors embrace a more positive front on ETH prices. 

Blackrock’s iShares Ethereum ETF saw impressive inflows in its first two weeks after launch

Today, Nate Geraci, president of the ETF store and host of ETFPrime, confirmed that Blackrock iShares Ether ETF had gained over $1 billion in just two months. He said:

iShares Ethereum ETF eclipses $1bil in assets…Now in top 20% of all 3,700+ ETFs.

~Nate Geraci

Very early on, the Ether ETF received significant inflows, with over $869.8 million pouring in its first 11 trading days since its launch on July 23. 

Within those 11 days, the Blackrock ETF welcomed over $117.9 million in a single day- June 30—and over $109.9 million on August 6. This inflow accumulation was enough to let it rank among the top six best-performing ETFs in 2024 then, with four out of 5 of the best performers being spot Bitcoin ETFs. 

Back then, Nate Geraci also commented on ETHA’s performance, stating that although the market fell, the cumulative ETHA flows on Aug. 5 and 6 alone put it in the top 10% of ETFs launched in 2024.

By September 16, 2024, iShares ETF had already earned about $992 million, more than double the amount of the Fidelity Ethereum fund, which had only $382 million at the time.

Blackrock spot Ethereum ETF options has to wait another month for SEC listing

In a filing on September 24, the US Securities and Exchange Commission detailed its rescheduling for the approval and listing of options on Blackrock and Biwise spot Ether ETFs.

The commission pushed back the approval date to November 10, following Nasdaq’s proposed rule change to approve listing and trading options for spot Ether ETFs. According to the SEC, the proposed rule changes will take a little longer to review.

Before this, the regulator had already approved and listed options trading on BlackRock’s spot Bitcoin ETF (IBIT) on September 20, the first of its kind. 

Even the Head of US options at Nasdaq, Sean Feeney, expressed the company’s content with the commission approval and listing of IBIT options, stating that the listing would protect investors and offer them another low-cost risk management tool.

In a separate filing, the SEC also delayed a decision on NYSE American LLC’s proposed rule change to list and trade options on the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust. The new deadline for NYSE American has also been set for November.