BlackRock Staked Ethereum ETF Hits $15.5 Million in First-Day Trading

Yesterday, BlackRock launched its iShares Staked Ethereum Trust ETF under the ticker ETHB. According to Bloomberg ETF analyst James Seyffart, the ETF saw approximately $15.5 million in trading volume on its first day.

A New Structure for Crypto Yield According to the analyst, ETHB has a management fee of 0.25%, although BlackRock is offering a promotional rate of 0.12% for the first year until the fund reaches $2.5 billion in assets. BlackRock will not add staking rewards to the fund's net asset value but will instead pay them out as dividends, with distributions potentially occurring monthly, Seyffart stated. However, he urged investors to read the prospectus for final details.

Some Analysts Believe This Could Impact ETH's Price "Every dollar that flows into $ETHB removes ETH from circulation and locks it in staking," the market observer stated. "Supply decreases. Demand stays the same or increases. Price goes up, according to basic math." At the time of writing, ETH was trading at approximately $2,100, up about 3% from 24 hours prior and about 6% from a month ago. The asset is also up nearly 12% over the past year but remains well below its all-time high of nearly $4,950, which it reached in August 2025.