BlackRock's pledged Ethereum ETF surpasses $250 million in assets under management in its first week of trading.

CoinFeed reported on March 21 that, according to Crypto-Economy, BlackRock's iShares Staked Ethereum Trust (ETHB), a staked Ethereum exchange-traded fund, has reached $254 million in assets under management within a week of its listing. ETHB investors can receive 82% of their staking rewards through monthly dividends, with the remaining 18% distributed to trust institutions, custodians, and service providers participating in the staking process. Currently, validators supporting the fund include Figment, Galaxy Blockchain Infrastructure, and Attestant.