Crypto World
BlackRock’s Staked Ethereum ETF Sees Over $43M in Inflows on Day One
Day-one trading volume for ETHB on Nasdaq reached over $16.5 million.
BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) saw a strong debut on the Nasdaq on Thursday, March 12, drawing $43.48 million in net inflows and recording $16.54 million in trading volume on its first day, according to data from SoSoValue.
The only U.S. spot ETH ETF to outperform ETHB in net inflows on the day was Fidelity’s FETH, which pulled in just over $52 million, and saw $83.91 million in trading volume yesterday.
BlackRock’s spot-only Ethereum ETF, ETHA, saw $18.68 million in net inflows on the same day.
Bloomberg ETF analyst James Seyffart called the debut “very, very solid for a day 1 ETF launch” in an X post on Thursday.
As The Defiant reported yesterday, ETHB is BlackRock’s third crypto ETF and its first to incorporate staking, combining spot ETH exposure with monthly staking income. Coinbase Prime handles ETH custody, per the firm’s press release.
The product carries a 0.25% sponsor fee, waived down to 0.12% for the first year on up to $2.5 billion in assets.
According to the fund’s prospectus as of March 11, filed with the U.S. Securities and Exchange Commission (SEC), BlackRock intends to stake between 70% and 95% of the trust’s ETH holdings “under normal market circumstances.”
BlackRock also said in its prospectus that it will stake ETH either via its ETH custodian, aka Coinbase, with one or more staking services providers, which could be Coinbase affiliates, or “other approved third-party validators.”
As The Defiant previously reported, ETHB is not the first staked ETH product in the U.S., but BlackRock’s market dominance across both Ethereum and Bitcoin ETFs in the U.S. makes ETHB’s entry a significant moment for the staked ETH market.
The launch follows key regulatory milestones that cleared the path for yield-bearing crypto ETFs. An SEC division issued staff guidance last May stating that staking is not a securities transaction — a staff-level position, not a formal rule — and the SEC formally acknowledged BlackRock’s staking filing last July.
The spot price of ETH rallied about 6% over the past 24 hours, reaching almost $2,200. ETH is now up on the weekly and monthly timeframes, 7% and 12% respectively.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.