BlackRock ETH Staking ETF Debuts With $15.5M in Volume

Staking rewards will be distributed monthly and sourced from Ethereum network validators operated by Figment, Galaxy Digital, and Bitwise-owned Attestant.

Ethereum News

BlackRock's iShares Staked Ethereum Trust (ETHB) recorded $15.5 million in trading volume on its first day of trading Thursday, with 592,804 shares changing hands on Nasdaq. Bloomberg ETF analyst James Seyffart

the debut as "very, very solid for a day 1 ETF launch."

The fund holds a mix of 80% staked Ethereum and 20% Ethereum, with Coinbase serving as custodian. It launched with $106.7 million in net assets and charges a 0.25% sponsor fee, reduced to 0.12% on the first $2.5 billion in assets under management for the first year. Staking rewards will be distributed monthly and sourced from Ethereum network validators operated by Figment, Galaxy Digital, and Bitwise-owned Attestant.

ETHB's opening-day volume came in below comparable stakingETF launches tied to Solana. The Bitwise Solana Staking ETF (BSOL) recorded $55.4 million on its October debut, while the REX-Osprey SOL + Staking ETF (SSK) posted $33.7 million when it launched in July. The gap reflects differences in market timing and investor appetite at each fund's respective launch date.