BlackRock’s staked Ether ETF debuts with $15.5M trading volume

BlackRock’s iShares Staked Ethereum Trust (ETHB) began trading in the U.S. with more than $15.5 million in first-day volume and over $100 million in assets under management. It is the firm’s first U.S. crypto ETF to integrate staking.

On X, ETF analyst James Seyffart wrote that “the vast majority of the trading is done and we are at $15.5 million in trading volume,” describing the debut as “very solid for a day 1 ETF launch.”

An amended S-1 filing with the Securities and Exchange Commission shows BlackRock started acquiring ether in February to seed the fund. Under normal market conditions, ETHB stakes 70% to 95% of its ether to earn network rewards and keeps about 5% to 30% unstaked to support creations, redemptions, and operating crypto liquidity.

The filing states that about 82% of staking rewards will be paid to shareholders monthly, with the remaining 18% going to the sponsor and the execution agent. The ETF carries a 0.25% annual sponsor fee, temporarily reduced to 0.12% on the first $2.5 billion in assets during the first year after launch.

Broader crypto ETF flows were positive the same day. In the U.S., spot Bitcoin ETFs recorded $53.8 million in net inflows, extending a four-day streak. Spot Ether ETFs saw $72.4 million in net inflows. Spot Solana ETFs posted $4 million of inflows, while spot XRP ETFs registered $6 million in net outflows.

BlackRock signaled in 2025 that it was exploring staked crypto products, and ETHB is the company’s first U.S.-listed crypto fund to formally integrate staking mechanics.