BlackRock’s ETHB Fund Surpasses $250 Million in AUM
- BlackRock’s ETHB fund reached $254 million in assets under management, with $146 million flowing in since its March debut.
- The fund stakes between 70% and 95% of its Ethereum and distributes 82% of staking rewards to investors monthly.
- ETHB charges a sponsor fee of 0.25%, reduced to a promotional rate of 0.12% for the first year on up to $2.5 billion in assets.
- The fund’s validators include Figment, Galaxy Blockchain Infrastructure, and Attestant.
ETHB enters a competitive market where Grayscale and REX-Osprey already offer staked Ethereum products, but it distinguishes itself by being launched with staking capabilities from the start.
Despite recent market volatility affecting Bitcoin and Ethereum prices, BlackRock’s ETHB has managed significant inflows, highlighting investor interest in staking-based products.(Source)
