Despite a challenging backdrop, Ethereum funds surged Wednesday. All major spot Ethereum ETFs—including the iShares Ethereum Trust (ETHA)—gained nearly 7%, according to etf.com data. Ethereum ...

BlackRock's (NYSE: BLK) iShares Ethereum Trust (NASDAQ: ETHA) emerged on Tuesday as the first spot ethereum (ETH-USD) exchange-traded fund to exceed $1B in cumulative net inflows.

ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.

ETHA offers exposure to Ethereum’s growing stablecoin dominance, rising gas fees amid GENIUS Act tailwinds. Find out why ETHA ETF is a buy.