BlackRock’s recently introduced staked Ethereum exchange-traded fund witnessed over $15.5 million in trading activity on its first day.
The fund is called the iShares Staked Ethereum Trust. Nearly 593,000 shares were traded when it began trading on Thursday, according to Nasdaq data.
The debut was a good start, according to Bloomberg ETF analyst James Seyffart. He says that the trading volume was “very, very solid” for a new ETF.
In addition to receiving staking rewards, the fund gives investors exposure to Ethereum. To support transaction validation and network security, staking entails locking up Ether on the blockchain. Participants receive prizes in exchange, generating an annual yield of about 4%.
The trading volume was smaller than that of comparable staking ETFs connected to the Solana blockchain that made their debut last year. Over $55 million was traded on the first day of the Bitwise Solana Staking ETF, and over $33 million was traded in another Solana fund.
BlackRock’s range of cryptocurrency investment products now includes the new Ethereum ETF. Since its introduction in 2024, the company has already managed the iShares Bitcoin Trust ETF and the iShares Ethereum Trust ETF, which have seen inflows of about $62.8 billion and $11.9 billion, respectively.
The new ETF had assets of $106.7 million at inception. About 20% of the fund’s assets are owned directly, with the remaining 80% being staked in Ether. Staking rewards generated from network validators will be distributed to investors each month.
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