BlackRock’s ETHB Bucks Trend As Other Ethereum ETFs See Outflows

BlackRock’s iShares Staked Ethereum Trust (ETHB) debuted on Nasdaq with $15.5M in first-day volume and 592,804 shares traded. The fund launched with $106.7M net assets, holds 80% staked ETH and 20% ETH, charges a 0.25% sponsor fee (0.12% first $2.5B), and distributes staking rewards monthly via validators run by Figment, Galaxy Digital, and Bitwise-owned Attestant.

Bitcoin ETFs, led by iShares Bitcoin ETF Trust (IBIT), saw $1.92B in inflows last week, the highest since October 2025. Bitcoin traded around $78,500, needing a 60.5% gain to reach its all-time high. Institutional investors are showing renewed interest in Bitcoin ETFs, with BlackRock processing $5B in Bitcoin swaps. The required transaction amount for Bitcoin-to-ETF exchanges has decreased significantly.

Bitcoin's surge above $80,000 boosted crypto-related stocks, including miners and digital asset firms. Circle's USDC stablecoin saw a supply increase, leading Bernstein to maintain an Outperform rating and $140 price target. Strategy's financial health depends more on capital market access than Bitcoin's price, while Solana's transaction volume hit a record, driving a 40% rally in SOL.

Hyperliquid's HYPE token reached a record high after President Trump mentioned it at a White House event, suggesting U.S. regulators may approve it. The token has surged 230% in a year, driven by partnerships, institutional investment, and blockchain upgrades. Hyperliquid's blockchain processes 200,000 orders per second, offering speed and Ethereum compatibility.

Ahead of Fed Chair Kevin Warsh's Jackson Hole speech, an unidentified trader moved $912 million in Bitcoin. Markets expect no rate change in September, with Bitcoin's price near $80,000. Treasury's bond buybacks may influence long-term yields and risk assets. Sygnum CIO notes the rally was driven by broader market factors. Large Bitcoin transfers often occur before Fed events due to anticipated volatility.

Solana's first network-wide vote narrowly passed a proposal to double disinflation, with validators linked to Kraken and Galaxy switching sides at the last minute. The proposal, SGP-0002, received 67% support, just above the two-thirds threshold. SOL token was down 1.2% over 24 hours near $106.