On March 12, trading commenced on Nasdaq for BlackRock’s income-generating Ethereum-ETF. The turnover reached $15.5 million, noted Bloomberg analyst James Seyffart.
NEW: BlackRock is launching their Ethereum Staking ETF today — $ETHB. It will have the same fee as $ETHA at 0.25% bps but has a fee waiver down to 0.12% for the first year or first $2.5 billion in assets. pic.twitter.com/aR3FVRChPz
— James Seyffart (@JSeyff) March 12, 2026
According to the platform, investors purchased 621,705 shares of iShares Staked Ethereum Trust (ETHB). At launch, the assets under management reached $100 million.
Seyffart described these figures as “a very respectable result for the first day.” However, previously launched BSOL by Bitwise and SSK by REX-Osprey based on Solana showed stronger results: $55.4 million and $33.7 million, respectively.
How ETHB Works
This new instrument differs from other BlackRock exchange-traded funds, which merely track the price of the second-largest cryptocurrency by market capitalization. ETHB generates returns through staking the coin, locking between 70% and 95% of reserves depending on market conditions.
Approximately 82% of the rewards earned will be paid to investors monthly, akin to dividend ETFs. The remaining 18% is distributed among the trust, custodians, and service providers.
The sponsor fee is 0.25%. To attract early capital, a reduced rate of 0.12% applies to the first $2.5 billion in assets.
Simultaneously, BlackRock is preparing to launch a Bitcoin Premium Income ETF. The fund will sell covered call options on bitcoin futures, allowing it to collect premiums and provide investors with additional income.
Bitcoin and Ethereum ETFs
By the end of trading on March 12, spot exchange-traded funds based on bitcoin attracted $53.8 million. Positive momentum has been maintained for four consecutive days. These products manage a total of $90.4 billion.
The IBIT fund by BlackRock led in fund inflows with $46.1 million. FBTC by Fidelity and BTC by Grayscale accounted for $15 million and $4.9 million, respectively. Outflows were recorded by GBTC from Grayscale (-$9.8 million) and BITB from Bitwise (-$5.7 million).
Inflows into Ethereum ETFs amounted to $72.3 million. Since launch, the funds have received $11.8 billion.
FETH by Fidelity attracted $52 million — the highest figure in the segment. ETHA by BlackRock received $18.6 million.
Earlier in March, investment bank Morgan Stanley, with assets of $1.9 trillion, filed an application to launch a spot bitcoin ETF.