BlackRock’s Staked Ethereum ETF Records Over $15M in First-Day Trading

BlackRock’s new iShares Staked Ethereum Trust ETF (ETHB) generated over $15 million in trading volume on its first day, March 12, 2026. The fund started with more than $100 million in assets under management. It traded $11 million by mid-afternoon and added $4 million before the market closed.

The strong debut positions ETHB as a notable addition to Ethereum-focused institutional products. It joins over 35 major firms, including JPMorgan and Fidelity, which have already launched tokenized funds and stablecoin services. This activity highlights growing mainstream interest in Ethereum.

ETHB Debuts With Staking Benefits

Bloomberg ETF analyst James Seyffart called the launch “very, very solid for a day one ETF.” He compared it with BlackRock’s spot Ethereum ETF (ETHA), which holds nearly $6.6 billion in assets. For context, ETHA recorded $264 million in volume over the same period.

BlackRock’s Staked Ether ETF — $ETHB — launched with just over $100 mln in assets. Through ~2pm eastern it has traded about $11.1 mln. Pretty good start for any ETF. pic.twitter.com/vd1gDLDvKR

— James Seyffart (@JSeyff) March 12, 2026

Beyond its strong debut, ETHB uses a staking model that pays monthly dividends directly to holders instead of inflating the net asset value. Coinbase manages custody and staking, delegating ETH to trusted validators such as Figment, Galaxy Blockchain Infrastructure, and Bitwise Onchain Solutions, formerly Attestant.

These features, combined with a competitive fee structure, may attract large-scale institutional capital. The fund charges a 0.25% management fee, lowered to 0.12% for the first year or until assets reach $2.5 billion, while providing direct staking benefits.

Could ETHB Drive Ethereum Staking and Price Gains?

Crypto expert Ash Crypto estimates ETHB could deliver a 3% annual yield, potentially locking billions into Ethereum staking. Each dollar entering ETHB removes ETH from circulation, which could tighten supply and create upward pressure on prices.

This potential yield comes as Ethereum currently trades around $2,200, up 5% in the past day, 7% over the past week, and 14% year-to-date. The asset remains well below its August 2025 peak of $4,950, making ETHB’s launch a timely option for long-term exposure.

With regulatory approvals paving the way for staked ETFs, ETHB could attract capital that has remained on the sidelines. Investors now have a product that provides both exposure to Ethereum and participation in the network’s staking ecosystem.

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