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Eric Balchunas, a senior ETF analyst, highlights the remarkable performance of Ethereum ETF (ETHA), which has reached $10 billion in assets within a year.
This achievement marks it as the third fastest ETF to reach this milestone, following two Bitcoin ETFs: IBIT and FBTC. ETHA's growth from $5 billion to $10 billion in just 10 days is particularly notable, a phenomenon Balchunas describes as an 'ETF asset equiv of a God candle.' The ETF is also among the top five in monthly and weekly flows, showcasing significant investor interest and strategic positioning in the market.