Gate Geraci, president of ETF Store, tweeted that the BlackRock iShares Ethereum ETF (ETHA) has surpassed $1 billion in assets and is now in the top 20% of all 3,700+ ETFs.

BlackRock ETHA's asset size exceeds 1 billion

According to statistics from SoSoValue, the total assets of the nine Ethereum spot ETFs in the United States are $7.44 billion, accounting for 2.3% of the total market value of Ethereum. Although Grayscale's ETHE has outflowed $2.9 billion in funds so far, its asset size still ranks first, currently at $4.51 billion, and its spin-off Grayscale Mini Ethereum Trust ETH has an asset size of $1.06 billion. BlackRock's ETHA is currently ranked third, having attracted $1.13 billion in funds so far, with an asset size of $1.04 billion.

Overall, affected by Grayscale, the Ethereum spot ETF still showed a net outflow of US$520 million since its listing.

Ethereum ETF and ETH Trends

Looking back at the Ethereum spot ETF application process, since BlackRock joined the battle in November 2023, ETH has broken through $2,000 from its low point, reaching a recent high of $4,093 in March. With the SEC approving Form 19b-4 in May and its official listing on July 23, ETH's trend seems to be selling the news, falling to around 2,100 in August, showing how much impact expectations have on ETH's price.

The recent failure of the Ethereum spot ETF option, coupled with the fact that many people are worried about the long-term value of Ethereum, may be the biggest challenge for ETH, whether Ethereum, known as the silver of digital currency, can attract more funds and push up the price of the currency.