BlackRock's New Staked Ether ETF Makes a Stunning $15M Debut on Nasdaq

BlackRock's iShares Staked Ethereum Trust (ETHB) debuted on Nasdaq with over $100 million in assets and $15.5 million in trading volume on its first day. The ETF will stake 70%-95% of its ETH holdings to generate rewards for investors, with 82% of the rewards distributed among investors and the rest among the trust, custodians, and staking service providers. The fund has a 0.25% sponsor fee, but is available at 0.12% for the first year or first $2.5 billion in assets.