The debut trading volume exceeded $15 million.

On March 12, trading began on Nasdaq for BlackRock's income-generating Ethereum ETF. The turnover reached $15.5 million, noted Bloomberg analyst James Seyffart.

NEW: BlackRock is launching their Ethereum Staking ETF today — $ETHB. It will have the same fee as $ETHA at 0.25% bps but has a fee waiver down to 0.12% for the first year or first $2.5 billion in assets. pic.twitter.com/aR3FVRChPz

— James Seyffart (@JSeyff) March 12, 2026

According to the platform, investors purchased 621,705 shares of the iShares Staked Ethereum Trust (ETHB). At launch, assets under management reached $100 million.

Seyffart described these figures as "a very respectable result for the first day." However, previously launched ETFs like BSOL from Bitwise and SSK from REX-Osprey, based on Solana, showed stronger results: $55.4 million and $33.7 million, respectively.

How ETHB Works

This new instrument differs from other BlackRock ETFs that merely track the price of the second-largest cryptocurrency. ETHB generates returns through staking the coin, locking up between 70% to 95% of its supply depending on market conditions.

About 82% of the rewards earned will be paid out to investors monthly, similar to dividend-paying ETFs. The remaining 18% will be distributed among the trust, custodians, and service providers.

The management fee is 0.25%. To attract early capital, a reduced rate of 0.12% applies to the first $2.5 billion in assets.

Meanwhile, BlackRock is also preparing to launch a Bitcoin Premium Income ETF. This fund will sell covered call options on Bitcoin futures, allowing it to collect premiums and provide additional returns to investors.

Bitcoin and Ethereum ETFs

On March 12, spot Bitcoin ETFs attracted $53.8 million. This positive trend has continued for four consecutive days, with total assets under management for these products reaching $90.4 billion.

Source: SoSoValue.

The leading fund for inflows was BlackRock's IBIT, which saw $46.1 million. Fidelity's FBTC and Grayscale's BTC attracted $15 million and $4.9 million, respectively. Outflows were recorded for Grayscale's GBTC (-$9.8 million) and Bitwise's BITB (-$5.7 million).

Ethereum ETFs saw inflows of $72.3 million, with a total of $11.8 billion received since launch.

Source: SoSoValue.

Fidelity's FETH attracted $52 million — the highest in the segment. BlackRock's ETHA received $18.6 million.

As a reminder, earlier in March, investment bank Morgan Stanley, with $1.9 trillion in assets, filed for a spot Bitcoin ETF launch.