BlackRock takes the lead as Ethereum ETFs total assets reach record $10B

The total value of Ethereum held by U.S. spot Ethereum ETFs has reached a new all-time high, and dominating the numbers is BlackRock.

According to the latest on-chain data, U.S. spot Ethereum ETFs now hold a combined 3.91 million ETH (ETH) in assets under management (AUM), valued at approximately $10.56 billion. The rise in AUM follows a steady streak of net inflows in recent weeks, signaling strong and growing investor interest.

Over the past 19 days alone, the funds have pulled in more than $1.37 billion in net inflows, accounting for roughly 35% of their total since inception. Although the streak briefly paused on June 13 with a modest $2.1 million outflow, overall momentum remains strong.

Dominating the total AUM is BlackRock’s ETHA with 41% share of the total AUM, holding around 1.58 million ETH valued at $4.1 billion. Grayscale’s ETHE follows suit with 29.5%, while Grayscale Mini’s ETH and Fidelity’s FETH hold 12.8% and 12% respectively.

BlackRock’s position as the largest holder reflects its consistent positive performance, often leading daily net gains across the ETF group. This echoes the similar success of its Bitcoin ETF IBIT, which recently became the fastest exchange-traded fund in history to surpass $70 billion in assets under management.

In addition to the inflows, the asset manager has also been actively acquiring ETH in the past weeks, including a recent $50 million ETH purchase highlighted by analytics firm Arkham Intelligence. 

Meanwhile, Ethereum has been on a downward trend. The token is down approximately 3% over the past 24 hours, trading just above $2,500 at press time. ETH has dropped 11% from its monthly high of $2,869 and is down roughly 8% over the past seven days.