BlackRock Launches Staked Ethereum ETF
BlackRock launched its iShares Staked Ethereum Trust (ETHB) ETF on Nasdaq, holding spot ETH with staking for yield at a 0.25% fee (waived lower initially). This move signals growing institutional interest in crypto staking as a source of yield.
BlackRock's ETHB ETF began trading on June 26, 2024, marking a significant step for traditional finance into the world of staked cryptocurrency assets. The 0.25% fee is currently waived for the first 12 months or until the Trust's assets reach $5 billion, aiming to attract early investors. The launch arrives after BlackRock filed its S-1 form with the SEC in January 2024, signaling their intent to offer a staked Ethereum product. Coinbase Custody Trust Company is serving as the custodian for the ETF's Ethereum. Issuance of new shares were temporarily suspended on March 11, 2026. The fund had $25.4 million in assets under management as of March 11, 2026. ETHB is part of a broader trend of asset managers seeking to provide access to crypto yields through staking, which involves locking up crypto assets to support a blockchain network and earn rewards. BlackRock also has a spot Bitcoin ETF, iShares Bitcoin Trust (IBIT).
