BlackRock debuts staked ether ETF to offer staking rewards

BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) begins trading on Nasdaq. The fund, the asset manager’s third crypto ETF and its first to incorporate staking, will hold spot ether and stake a portion of those holdings so investors can potentially earn rewards while benefiting from price movements.

The product expands BlackRock’s digital asset lineup, which already includes the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA); IBIT manages more than $55 billion and ETHA about $6.5 billion. Until now, most ether ETFs offered only price exposure, although some managers, including Grayscale, have recently launched ETFs with staking capabilities.

Ethereum’s proof-of-stake system lets token holders lock up coins to validate transactions and earn rewards, a yield-like feature many investors value. “This is really about investor choice,” Jay Jacobs, BlackRock’s U.S.

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