BlackRock Launches ETHB iShares Staked Ethereum Trust ETF on Nasdaq with Integrated Staking Rewards

BlackRock launched the iShares Staked Ethereum Trust ETF (ETHB) on Nasdaq today, a spot ether fund that will stake a portion of its assets to capture Ethereum network staking rewards, according to a report. The firm's new product is described as BlackRock's first and only cryptocurrency fund combining direct spot ETH exposure with staking income, adding to its existing spot ETFs IBIT and ETHA, which manage over $55 billion and $6.5 billion in assets respectively. ETHB will stake part of its ether holdings on the Ethereum blockchain to potentially generate additional yield from staking while continuing to follow the market price of ETH. Jay Jacobs, BlackRock's US head of equity ETFs, said the launch gives investors more choice, noting that some ether holders want to maximize total returns by pairing price exposure with staking rewards and that ETHB lets them retain staking benefits while using an ETF structure.