- BlackRock’s iShares Staked Ethereum Trust was the only Ethereum exchange-traded fund to record net inflows while the sector saw $41.97 million in outflows.
- The fund added about $5.47 million in inflows on Friday, in contrast to other Ethereum ETFs that saw outflows.
- The Ethereum exchange-traded fund crossed over $260 million in assets within a week of its launch.
BlackRock’s iShares Staked Ethereum Trust (ETHB) stood out as the only Ethereum (ETH) exchange-traded fund (ETF) to attract fresh capital inflow on Friday, even as the broader market recorded net outflows.
According to SoSoValue data, Ethereum ETFs collectively saw $41.97 million in net outflows on Friday. However, ETHB recorded a net inflow of roughly $5.47 million, making it the only fund in the category to register positive flows during the session.
ETHB closed at $27.45 on Friday, down by 0.40%. On Stocktwits, the retail sentiment around ETHB remained in the ‘extremely bearish’ territory, as chatter levels around it remained ‘low’ over the past day.
Other major Ethereum products, such as the Grayscale Ethereum Staking ETF (ETHE) and the Fidelity Ethereum Fund (FETH), recorded outflows or remained flat.
Ethereum was trading at $2,160.72, up by 1% over the past 24 hours. On Stocktwits, the retail sentiment around ETH remained in the ‘bullish’ territory, as chatter levels around it remained ‘high’ over the past day.
ETHB Gains Traction
The ETHB inflows came shortly after its launch last week. The fund surpassed $261 million in assets under management in its first week. ETHB launched with $100 million in seed capital and has since seen inflows of around $160 million.
Early traction has placed it among the fastest-growing Ethereum-based investment products. Bloomberg ETF analyst James Seyffart said that the staked Ethereum had reached $15.5 million in trading volume on the day of its launch. On Monday, the ETF saw over $67 million in inflows, its largest in the week.
Unlike traditional Ethereum ETFs, which primarily track price movements, ETHB includes staking, in which Ethereum holders support the network in return for rewards. This allows the fund to offer not just price exposure, but also an additional source of return to investors.
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