BlackRock's Ethereum fund surpasses $250 million in size in its first week

According to market news, the iShares Staked Ethereum Trust (ETHB) under BlackRock reached an asset management scale of $254 million one week after its listing, with a cumulative inflow of $146 million since its launch on March 12, and initial seed funding exceeding $100 million.

The fund stakes 70-95% of its held Ethereum, distributing 82% of the staking rewards to investors each month, while the remaining 18% is allocated by the trust, custodians, and staking service providers. The sponsorship fee for ETHB is 0.25%, with a first-year discount to 0.12% for the first $2.5 billion in assets. Its validators include Figment, Galaxy Blockchain Infrastructure, and Attestant.