Another fund from BlackRock makes stunning $15M debut

BlackRock (NYSE: BLK) is the world's largest asset manager with more than $14 trillion in assets under management as of 2025.

While the Wall Street giant kept its distance from the digital assets for years, it was among the first to offer exchange-traded funds (ETFs) linked to Bitcoin (BTC) and Ethereum (ETH) when the U.S. Securities and Exchange Commission (SEC) gave the greenlight in 2024.

Related: BlackRock reveals retail traders' next portfolio move

Crypto ETFs allow both institutional and retail investors to gain indirect exposure to cryptocurrencies via a traditional avenue. They trade like regular shares on traditional exchanges like Nasdaq and offer a regulated and familiar exposure to crypto without the need to directly hold or manage those assets.

BlackRock's spot Bitcoin and Ether ETFs have seen cumulative net inflows of $62.9 billion and $11.9 billion as of March 12, according to SoSoValue.

Now, another new fund from BlackRock has made a stunning debut on Wall Street.

More News:

BlackRock reveals $38T U.S. debt will boost Bitcoin's growth BlackRock hits record milestone in payouts BlackRock shares 2026 shocking crypto outlook

BlackRock's Staked Ether ETF debuts on Nasdaq

BlackRock's iShares Staked Ethereum Trust (Nasdaq: ETHB) launched with a little over $100 million in assets on March 12. By the time trading was about to end, it pulled in $15.5 million in trading volume on its debut day, top analyst James Seyffart highlighted on X.

Blockchain networks like Ethereum use the proof-of-stake (PoS) consensus protocol in which users lock up or stake their ETH holdings to become eligible to verify and add transactions and secure the network. In exchange for their services, these users earn rewards in the form of ETH.

Related: Explained: What is crypto staking?

This fund will stake 70%-95% of its ETH holdings to generate rewards which ETHB investors will earn on a monthly basis.

While 82% of the rewards will be distributed among investors, the rest of it will be distributed among the trust, custodians, and staking service providers.

While the fund has a 0.25% sponsor fee, it is available at 0.12% for the first year or first $2.5 billion in assets. Coinbase is the custodian and staking provider for ETHB.

Ether was trading $2,192.44 at press time, up more than 5% in a day.

This story was originally published by TheStreet on Mar 13, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.

View Comments