Ethereum Holds 71.9% of Tokenized Funds as BlackRock Seeks ERC-20 Share Classes

Ethereum accounts for 71.9% of tokenized fund assets as BlackRock advances plans to put new tokenized share classes on the network. The firm filed two SEC submissions tied to its $7 billion Select Treasury Based Liquidity Fund (BSTBL) and a Daily Reinvestment Stablecoin Reserve Vehicle, both designed to use ERC-20 tokens. ETH also traded at $2,312.28 at 06:20 UTC on May 12, 2026, down -2.48% on the week.