BlackRock's Ethereum Fund Staking Exceeds $250 Million in First Week

On March 20, according to Decrypt, BlackRock's iShares Staked Ethereum Trust (ETHB) has reached $254 million in assets under management one week after its listing. Since its launch on March 12, it has seen cumulative inflows of $146 million, with initial seed funding exceeding $100 million. The fund stakes 70-95% of its Ethereum holdings, distributing 82% of staking rewards to investors monthly, with the remaining 18% allocated among the trust, custodian, and staking service providers. ETHB's sponsorship fee is 0.25%, with a first-year concession to 0.12% for the first $2.5 billion in assets. Its validators include Figment, Galaxy Blockchain Infrastructure, and Attestant.