BlackRock's Ethereum staking fund surpasses $250 million in its first week.

PANews reported on March 20th that, according to Decrypt, BlackRock's iShares Staked Ethereum Trust (ETHB) reached $254 million in assets under management one week after its launch, with a cumulative inflow of $146 million since its launch on March 12th, and initial seed funding exceeding $100 million. The fund stakes 70-95% of its Ethereum holdings, distributing 82% of its staking rewards to investors monthly, with the remaining 18% allocated to the trust, custodian, and staking service providers. ETHB has a sponsorship fee of 0.25%, discounted to 0.12% for the first year on the first $2.5 billion in assets. Its validators include Figment, Galaxy Blockchain Infrastructure, and Attestant.