BlackRock's ETHB Defies Ethereum ETF Trend with Net Inflows

BlackRock's iShares Staked Ethereum Trust (ETHB) bucked the trend in Ethereum exchange-traded funds, recording net inflows while its peers saw outflows. The fund added approximately $5.47 million in inflows on Friday, according to SoSoValue data.

This stands in contrast to other major Ethereum products, such as the Grayscale Ethereum Staking ETF (ETHE) and the Fidelity Ethereum Fund (FETH), which recorded outflows or remained flat.

Since its launch last week, ETHB has gained traction, surpassing $261 million in assets under management within a week. The fund started with $100 million in seed capital and has since seen inflows of around $160 million.