- BlackRock’s iShares Staked Ethereum Trust (ETHB) recorded $15.5 million in first-day trading volume.
- The ETF attracted $43.48 million in net inflows on its debut.
- Approximately 80% of assets are staked via Coinbase Prime, with monthly rewards distributed to investors.
BlackRock has launched its first staking-enabled Ethereum ETF, the iShares Staked Ethereum Trust (ETHB), which has posted a robust opening that underscores growing institutional appetite for yield-bearing crypto exposure.
The product, listed on Nasdaq, blends spot Ether holdings with on-chain staking rewards — a new feature for BlackRock’s crypto ETF suite following the success of its spot ETHA fund.
First-day trading volume reached $15.5 million, with 592,804 shares changing hands, according to CoinMarketCap data. Bloomberg ETF analyst James Seyffart described the debut as “very, very solid for a day 1 ETF launch” on X.
The Defiant reported $43.48 million in net inflows and $16.54 million in trading volume on launch day. The fund opened with roughly $107 million in assets, of which about 80% is currently staked.
Custody is handled by Coinbase Prime, with staking performed by validators operated by Figment, Galaxy Digital, and Bitwise-owned Attestant. Rewards are distributed monthly to shareholders. The expense ratio is 0.25%, temporarily reduced to 0.12% on the first $2.5 billion in AUM for the initial year.
This development positions BlackRock to capture demand for total returns from Ethereum while competing with Grayscale’s staking ETFs. Market participants note typical risks, including Ether price volatility and evolving regulatory views on staking within registered products.
The launch aligns with broader tokenization trends reshaping institutional portfolios.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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