BlackRock’s new iShares Staked Ethereum Trust (ETHB) began trading, turning over $15.5 million on its first day. Market analyst James Seyffart called the debut “very, very solid,” though it was outpaced by two similar Solana staking ETFs launched last year. The fund holds Ethereum, stakes the assets to earn network rewards, and launched with $106.7 million in net assets.
BlackRock’s staked Ethereum exchange-traded fund, the iShares Staked Ethereum Trust (ETHB), tallied $15.5 million in trading volume on its first trading day. Bloomberg ETF analyst James Seyffart noted on X that approximately 592,804 shares were traded.
“Very, very solid for a day 1 ETF launch,” Seyffart stated. The product invests in and stakes Ether, aiming to provide a yield typically offering 4% annually.
ETHB’s debut volume trailed the $55.4 million recorded by the Bitwise Solana Staking ETF (BSOL) in October and the $33.7 million for the REX-Osprey SOL + Staking ETF (SSK) in July. The new fund joins BlackRock’s existing crypto offerings, the iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA).
Farside Investors data shows IBIT has attracted over $62.8 billion in inflows since its 2024 launch, while ETHA has seen $11.9 billion. BlackRock is also planning a Bitcoin Premium Income ETF to sell covered call options on Bitcoin futures.
According to BlackRock’s website, ETHB is backed by 80% staked Ether and 20% Ether, custodied by Coinbase. Staking rewards will be distributed monthly from validators run by Figment, Galaxy Digital, and Bitwise-owned Attestant.
The fund offers a 0.25% sponsor fee with an initial one-year waiver. The fee is reduced to 0.12% for the first $2.5 billion in assets under management.
