BlackRock Launches First Staked Ethereum ETF on Nasdaq
BlackRock has launched its first crypto product that incorporates Ethereum staking, called the iShares Staked Ethereum Trust ETF. The fund is listed on the Nasdaq under the ticker ETHB and joins BlackRock's existing crypto lineup, which includes the iShares Bitcoin Trust ($IBIT) and the iShares Ethereum Trust (ETHA).
ETHB holds spot Ethereum and stakes between 70% to 95% of its holdings on the Ethereum network. Investors receive 82% of staking rewards through monthly distributions, while the remaining 18% is divided among the trust, custodians, and staking service providers.
The fund charges a 0.25% sponsor fee, but BlackRock has temporarily reduced that fee to 0.12% on the first $2.5 billion in assets for the first year. This discount aims to help the product build traction early on.