TLDR
- BlackRock’s Staked Ethereum Trust reached $254 million AUM in its first trading week.
- Investors added $146 million after the fund launched with more than $100 million in seed capital.
- The trust began trading on Nasdaq on March 12 under the ticker ETHB.
- The fund stakes 70% to 95% of its Ethereum holdings and pays monthly rewards.
- BlackRock charges a 0.25% fee, reduced to 0.12% in year one on up to $2.5 billion.
BlackRock’s iShares Staked Ethereum Trust reached $254 million in assets under management in its first trading week. The fund drew $146 million in net inflows after launching with more than $100 million in seed capital.
The product started trading on Nasdaq on March 12 under the ticker ETHB. It entered the market as one of the newest institutional products tied to Ethereum staking and yield.
Strong opening week for BlackRock’s Ethereum product
The first week numbers placed the fund among the largest recent launches in the staked Ethereum segment. Reported data showed that the trust’s total assets rose to $254 million within days of trading.
The fund was seeded by BlackRock Financial Management, which is an affiliate of iShares. That initial capital exceeded $100 million, and investor demand added $146 million more during the first week.
BlackRock designed the trust to hold Ethereum and stake most of those holdings. The fund stakes between 70% and 95% of its Ethereum, based on the reported structure.
The trust passes 82% of staking rewards to investors through monthly payments. The remaining 18% is shared among the trust, custodians, and staking service providers.
Fund structure, fees, and staking partners
The trust charges a 0.25% sponsor fee. That fee is reduced to 0.12% during the first year on assets up to $2.5 billion.
Its validator group includes Figment, Galaxy Blockchain Infrastructure, and Attestant. These firms support the staking process that helps the fund generate yield from Ethereum holdings.
BlackRock’s product differs from some existing rivals because it launched with staking from day one. Some competing Ethereum funds added staking only after they were already trading.
That difference may matter for institutional investors seeking both price exposure and staking rewards. The trust combines both features in one listed product.
Market context and competition in staked Ethereum funds
The BlackRock launch came as competition in Ethereum investment products continued to grow. Grayscale and REX-Osprey had already introduced competing staked Ethereum offerings before ETHB entered the market.
The Grayscale Ethereum Staking ETF added staking in October 2025 and later changed its name in January 2026. Reported first-week results for that product showed net outflows of $32.5 million.
A second Grayscale product, the Ethereum Staking Mini ETF, was formed in April 2024. It also added staking in October 2025, rather than at launch.
Ethereum’s market price also moved during the week of ETHB’s debut. The asset had traded above $2,300 earlier in the week, but later fell with the wider crypto market.
At the time cited in the report, Ethereum changed hands near $2,126 after a daily decline. Even so, the early asset growth of ETHB showed investor interest in listed products that combine Ethereum exposure with staking income.
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