BlackRock’s Staked ETH ETF Sees $15.5M on Debut

BlackRock’s iShares Staked Ethereum Trust (ETHB) launched on Thursday with a trading volume of $15.5 million, a figure described as “very, very solid” by Bloomberg ETF analyst James Seyffart. The ETF invests in and stakes Ether (ETH), aiming for a 4% annual yield through network validators. While this debut volume is lower than similar Solana staking ETFs – Bitwise Solana Staking ETF (BSOL) saw $55.4 million and REX-Osprey SOL + Staking ETF (SSK) recorded $33.7 million – it’s still a positive start. ETHB is part of BlackRock’s growing crypto product line, which already includes the highly successful iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA), having attracted over $62.8 billion and $11.9 billion in inflows respectively. ETHB launched with $106.7 million in net assets, custodied by Coinbase, and distributes staking rewards monthly via validators like Figment, Galaxy Digital, and Attestant. It has a 0.25% sponsor fee, temporarily reduced to 0.12% for the first $2.5 billion in assets under management.

(Source：Cointelegraph)