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BlackRock’s new staked Ethereum ETF recorded $15.5 million in first-day trading.
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The fund launched with more than $100 million in assets.
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Around 70% to 95% of the ETH in the fund will be staked.
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Most staking rewards will be distributed to ETF investors.
First Staked Ethereum ETF Launch
BlackRock launched its iShares Staked Ethereum Trust ETF, marking one of the first major exchange-traded funds that integrates staking into its structure.
The fund recorded over $15.5 million in trading volume during its first day on the market. Bloomberg ETF analyst James Seyffart described the debut as a strong start for a new ETF product.
The fund began trading with more than $100 million in assets under management.
How the Fund Uses Staking
The ETF stakes most of its ether holdings to generate yield for investors. Under normal conditions, between 70% and 95% of the ETH held by the fund will be staked.
The remaining 5% to 30% is kept unstaked to support operational needs such as creations and redemptions.
Roughly 82% of staking rewards will be distributed to investors each month, while the remaining 18% will go to the sponsor and execution agent.
The ETF charges a sponsor fee of 0.25% annually, with a temporary reduced fee of 0.12% on the first $2.5 billion in assets during the first year.
