The fund iShares Staked Ethereum Trust (ETHB), launched by BlackRock, has reached $254 million in assets under management just one week after its debut. The figure includes $146 million in investor inflows since March 12, in addition to over $100 million in seed capital.
The product began trading on the Nasdaq, with initial funding provided by BlackRock Financial Management. The structure of ETHB centers on staking, allocating between 70% and 95% of its Ethereum holdings to generate yield.
A key feature of the fund is its reward distribution model. Investors receive 82% of staking rewards through monthly payouts, while the remaining 18% is allocated among the trust, custodians, and service providers involved in the staking process. Validators supporting the fund include Figment, Galaxy Blockchain Infrastructure, and Attestant.
Unlike competing products, ETHB entered the market with staking integrated from launch. This contrasts with offerings from Grayscale Investments and REX Shares, which added staking features after their initial rollout.
ETHB applies a sponsor fee of 0.25%, reduced to 0.12% during its first year for assets up to $2.5 billion. The pricing structure aims to position the fund competitively as institutional demand for yield-generating crypto exposure grows.
Meanwhile, rival products have shown mixed performance. Grayscale’s Ethereum staking ETF recorded net outflows of $32.5 million during its first week after integrating staking. That rollout coincided with broader market stress, including a sharp Bitcoin-driven deleveraging event that impacted crypto assets across the board.
Source: Market data and official disclosures related to BlackRock
Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets involve risk and high volatility.
