Ethereum news: BlackRock’s staked ether ETF draws $15 million in first-day trading

BlackRock's new iShares Staked Ethereum Trust (ETHB), which offers exposure to Ethereum plus staking rewards, debuted strongly on Friday, pulling in approximately $15.5 million in trading volume on its first day, starting from an initial asset base of over $100 million. This product is a significant evolution in crypto ETFs because it generates yield by staking ETH, distributing about 82% of the rewards to investors monthly, similar to dividend-paying funds. The fund charges a 0.25% sponsor fee, temporarily discounted to 0.12% to attract early investment. Analysts suggest the launch, coupled with ETH reclaiming the $2,000 level, is helping shift market sentiment from selling pressure to early institutional accumulation. This structure aims to make crypto-native yield accessible to traditional investors.

(Source：CoinDesk)