BlackRock Staked Ethereum ETF Sees First Day Volume of $15.5 Million

BlackRock’s new Ethereum ETF (ETHB) recorded nearly $15.5 million in trading volume on its first day.

Yesterday, BlackRock launched its iShares Staked Ethereum Trust ETF, which trades under the ticker ETHB.

It recorded about $15.5 million in trading volume on its first day, according to Bloomberg ETF analyst James Seiffart.

A new structure for crypto income

In a series of posts on X, Seyfarth explained that the fund opened with just over $100 million in assets and had generated more than $11 million in trading volume as of 2:00 p.m. ET. However, by the end of the day, it had added another $4 million to $15.5 million. The analyst described the benchmark as “very, very solid for a Day 1 ETF launch.”

He also looked at the numbers next to the existing BlackRock Ethereum ETF, ETHA. During the same period, ETHA had about $264 million in trading volume, far exceeding ETHB’s numbers. But this difference is mainly a reflection of the difference in assets, with ETHA having about $6.6 billion per SoSoValue and the Ethereum ETF starting at $100 million.

According to the analyst, ETHB will receive a management fee of 0.25%, although in the first year, BlackRock will offer a minimum cost of 0.12% until the fund has 2.5 billion dollars of assets.

Documents published alongside yesterday’s launch indicate that Coinbase will be the custodian and staking provider. The ETF’s ETH is issued to a small number of approved validators such as Figment, Galaxy Blockchain Infrastructure and Attestant. Bitwise acquired Attestant and is now rebranding it as Bitwise Onchain Solutions.

Instead of adding premiums to the fund’s net asset value, BlackRock pays them out as dividends, and distributions will likely be paid monthly, according to Seiffart. However, he urged investors to read the prospectus for final details.

You may also like:

Some analysts think this could change the price of ETH

After ETHB’s announcement, analyst Ash Crypto at X said that the product is more important than it seems. According to them, the 3% yield gives Ethereum a new reason to allocate institutional capital. They also hinted at how it could affect the underlying dynamics of supply and demand, which could help push the price of ETH higher.

“Every dollar that goes into $ETHB takes ETH out of circulation and puts it into staking,” the market watcher wrote. “Less supply. Flat or increasing demand. Price goes up with basic math.”

The new product is part of a larger shift in how institutions use Ethereum. According to data shared by the network at the beginning of the year, more than 35 financial and technology companies, including BlackRock, JPMorgan and Fidelity, have released products built directly on the blockchain. These offerings include tokenized funds, on-chain savings, and stablecoin services.

At the time of writing, ETH was trading around $2,100, up nearly 3% from 24 hours ago and up nearly 6% from a month ago. Assets have also risen by around 12% in the past year, but are still well below their peak of around $4,950 reached in August 2025.