World’s largest asset manager and exchange-traded fund issuer BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) posted over $15.5 million in volume on its first trading day, according to Bloomberg’s senior ETF analyst James Seyffart.
The product invests and stakes Ether – the world’s second largest cryptocurrency by market capitalization, locking up the tokens on the Ethereum blockchain to provide a yield to investors. ETHB relies on network validators run by Figment, Galaxy Digital, and Attestant to capture staking rewards, offering shareholders an annual yield of roughly 4%.
BlackRock’s Staked Ether ETF Records Over $15 Million in Debut Day
In a Thursday X post, Seyffart wrote that the $15.5 million figure is “very solid” for the fund that launched with over $100 million in assets. ETHB is BlackRock’s first crypto ETF that incorporates staking. The $12 trillion asset manager first hinted at its plans to launch staked crypto ETFs in 2025. Its amended S-1 filings with the U.S. Securities and Exchange Commission (SEC) showed that the firm began acquiring ether in February in preparation for the launch of the iShares Staked Ethereum Trust ETF.
The fund stakes between 70% and 95% of its ETH holdings under normal market conditions, while the remaining 5% to 30% is held unstaked to support share creations and redemptions, and operational liquidity. BlackRock will distribute approximately 82% of staking rewards to holders monthly, with 18% allocated to the sponsor and the execution agent.
ETHB carries a sponsor fee of 0.25% annually, which has been temporarily reduced to 0.12% on the first $2.5 billion in assets for the first year following the launch. The ETF currently has $106.7 million in assets under management (AUM), which is being custodied by Coinbase.
However, the fund’s $15.5 million in first-day trading volume trailed similar staking funds tied to Solana (SOL), including the Bitwise Solana Staking ETF (BSOL), launched in October 2025, and the REX-Osprey SOL + Staking ETF (SSK), which debuted in July 2025, both recording $55.4 million and $33.7 million in volume, respectively.
U.S. Spot Bitcoin, Ether, and Solana ETFs Register Net Inflows
ETHB adds to BlackRock’s growing portfolio of crypto-backed investment products. Its flagship crypto funds – the iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA) – have attracted over $62.8 billion and $11.9 billion worth of inflows since launching in 2024, according to Farside Investors data.
The company is also looking to offer a Bitcoin Premium Income ETF, which would sell covered call options on BTC futures, collecting premiums to generate yield.
Meanwhile, the U.S. spot bitcoin and ether ETFs recorded another day of net inflows on Thursday. The Bitcoin funds reported $53.8 million in inflows, marking their fourth consecutive day of positive flows. Whereas, the ether funds posted $72.4 million in inflows.
Spot Solana ETFs registered $4 million worth of inflows yesterday. However, the spot XRP ETFs saw $6 million in net outflows, continuing a trend of redemptions or weakened net inflows since mid-February.
At the time of writing, Ether (ETH) is trading at $2,128 – up 2.84% in 24 hours.
