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Key Takeaways:
- BlackRock’s Ethereum ETF reaches $10B AUM in just one year—third fastest in ETF history.
- Spot ETH ETFs post 11 straight weeks of net inflows, fueling ETH’s 45% rally.
- Despite bullish sentiment, overbought RSI and heavy profit-taking suggest a possible near-term correction.
BlackRock’s spot Ethereum ETF (ETHA) has skyrocketed to a record-breaking $10 billion in assets under management (AUM), just one year after its launch. This historic surge, driven by intense institutional demand and consistent inflows, marks ETHA as the third fastest ETF in history to cross the $10B threshold—only trailing behind two Bitcoin ETFs, BlackRock’s IBIT and Fidelity’s FBTC.
Ethereum Spot ETFs Post 11 Weeks of Inflows
The momentum behind Ethereum ETFs has been nothing short of relentless. Over the past 11 weeks, spot ETH ETFs have recorded continuous net inflows, capped by a $231 million daily inflow on July 24—marking the 15th consecutive day of positive activity. BlackRock’s ETHA has been at the forefront, doubling from $5B to $10B AUM in just two weeks. Bloomberg ETF analyst Eric Balchunas described the move as a “God candle,” underscoring the explosive investor interest.
LOOK OUT: $ETHA just hit $10b in one year flat, the 3rd fastest ETF to hit that mark in history after (you guessed it) two bitcoin ETFs $IBIT & $FBTC. Amazingly it went from $5b to $10b in just 10 days (ETF asset equiv of a God candle). Is in Top 5 in flows 1M, 1W. Sister Hazel! pic.twitter.com/Jrrb15BdHV
— Eric Balchunas (@EricBalchunas) July 24, 2025
ETH Price Surges but Faces Resistance
Ethereum’s price reacted strongly to the ETF-driven inflows, climbing from $2.4K in early July to a recent high of $3.8K—a 45% gain within a month. However, the price has since retreated to $3.6K following a sharp drop in Bitcoin to $115K. Despite the pullback, ETH’s open interest remains at an all-time high of $57 billion, signaling persistent speculative demand in the futures market.
Also Read: Lido DAO Soars 21% as BlackRock ETH ETF Sparks Staking Frenzy
Profit-Taking and RSI Suggest Market May Cool
Amid the rally, traders have begun locking in gains. ETH saw profit-taking volume averaging $1.4 billion per day in mid-July, matching levels seen at previous 2024 market tops. Crypto analyst Benjamin Cowen noted that Ethereum’s daily RSI was rejected near 88, suggesting overbought conditions. While Cowen cautioned against using RSI for long-term trend predictions, he did warn that the market may be due for a short-term cooldown.
Interestingly, despite the price rally and high open interest, there has been no sign of extreme retail FOMO in the futures market. According to CryptoQuant, the speculative market remains in a “neutral” state, implying there may still be room for growth before Ethereum reaches a local top or enters a correction phase.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
