BlackRock launches ETHB ETF
BlackRock has launched ETHB, a staking-focused Ethereum ETF that allocates most holdings to on‑chain staking and distributes rewards to investors, signaling mainstream adoption of ETH as a yield asset. The product is expected to accelerate institutional staking flows even as short‑term price volatility persists. (chaincatcher.com)
iShares Staked Ethereum Trust (ticker: ETHB) began trading on Nasdaq on March 12, 2026. (businesswire.com) The fund launched with about $107 million in seed assets and recorded roughly $15.5 million in first‑day trading volume, with roughly 80% of its initial ether already staked. (etf.com) The fund’s prospectus sets a staking target of 70%–95% of the Trust’s ether under normal conditions and directs the Prime Execution Agent to enter staking arrangements with approved validators while maintaining an unstaked reserve to meet redemptions. (ishares.com) BlackRock set the Sponsor’s Fee at 0.25% after a promotional waiver that reduces the fee to 0.12% on the first $2.5 billion of assets for the initial 12 months beginning March 12, 2026. (blackrock.com) Staking economics in the fund allocate approximately 82% of gross staking rewards to investors and retain about 18% to cover the sponsor and prime‑execution agent’s fees, per the fund literature and filings. (phemex.com) Approved downstream validators named in fund disclosures include Figment, Galaxy Digital and Attestant, with Coinbase Prime serving as the custodian and prime execution agent for staking operations. (bitget.com) BlackRock positioned ETHB alongside its existing crypto products (including IBIT and ETHA) and reported managing roughly $130 billion in crypto‑related assets as part of its digital asset suite. (ishares.com)
