BlackRock Lists iShares Staked Ethereum Trust ETF on Nasdaq

TheNewsCryptoPublished on 2026-03-13Last updated on 2026-03-13

Abstract

BlackRock has registered its iShares Staked Ethereum Trust ETF (ticker: ETHB) on Nasdaq, marking its first crypto product to include Ethereum staking and the third such product available to U.S. investors. The ETF holds spot Ethereum and stakes 70% to 95% of its assets, distributing 82% of staking rewards to investors monthly. The remaining 18% is allocated to the trust, custodians, and staking providers. A sponsor fee of 0.25% is temporarily reduced to 0.12% for the first $2.5 billion in assets during the first year to encourage early adoption. Coinbase serves as the primary custodian and staking provider, receiving 10% of staking rewards, which decreases to 6% if assets reach $20 billion. Other entities involved are custodian Anchorage Digital and validators Figment Inc., Galaxy Blockchain Infrastructure LLC, and Attestant Limited. ETHB joins BlackRock’s existing crypto products, including the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). Competitor Grayscale offers similar staking products with varying reward distributions and fee structures.

On March 12, BlackRock registered its iShares Staked Ethereum Trust ETF on Nasdaq under the ticker ETHB. This is the first crypto product of BlackRock to include Ethereum staking, and it is the third staked Ethereum product accessible to U.S. investors.

ETHB has spot Ethereum and stakes around 70% to 95% of its holdings on the Ethereum network. Investors get 82% of staking rewards via monthly distributions. The other 18% is further split among the trust, custodians, and staking service providers.

Also, there is a fixed 0.25% sponsor fee, which is temporarily cut down to 0.12% by BlackRock on the first $2.5 billion in assets for the first year. The discount is aimed at aiding the product in making traction early on.

ETHB is now part of BlackRock’s existing crypto lineup, which adds the iShares Bitcoin Trust ($IBIT) and the iShares Ethereum Trust (ETHA). In the current scenario, IBIT manages over $55 billion in assets. ETHA holds around $6.5 billion.

The Custodian and Staking Provider

The primary custodian and staking provider of the fund remains Coinbase. According to an SEC amendment filed March 9, Coinbase will get 10% of staking rewards as a base fee. That fee slips to 6% if the fund goes to $20 billion in assets under management.

The other custodian remains Anchorage Digital. Approved validators for the fund are Figment Inc., Galaxy Blockchain Infrastructure LLC, and Attestant Limited. BlackRock needs validators to keep the fund’s Ethereum in a different keypair.

However, amalgamating with assets from any other entity is restricted. The closest rival of ETHB in the Staking ETF space is Greyscale. Its Ethereum Mini Trust offers 94% of rewards to investors and charges a 0.15% management fee.

Its ETHE product crosses 77% of rewards but has a higher 2.5% management fee. Both BlackRock and Greyscale were introduced by the REX-Osprey ETH+ Staking ETF, which rolled out in September 2025.

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Related Questions

QWhat is the ticker symbol for BlackRock's iShares Staked Ethereum Trust ETF listed on Nasdaq?

AThe ticker symbol for BlackRock's iShares Staked Ethereum Trust ETF is ETHB.

QWhat percentage of staking rewards do investors receive from the ETHB ETF, and how are they distributed?

AInvestors receive 82% of staking rewards via monthly distributions from the ETHB ETF.

QWho is the primary custodian and staking provider for BlackRock's ETHB fund?

AThe primary custodian and staking provider for the ETHB fund is Coinbase.

QWhat is the sponsor fee for the ETHB ETF, and what temporary discount is being offered?

AThere is a fixed 0.25% sponsor fee, which is temporarily reduced to 0.12% on the first $2.5 billion in assets for the first year.

QHow does the Grayscale Ethereum Mini Trust compare to ETHB in terms of rewards and management fees?

AGrayscale's Ethereum Mini Trust offers 94% of rewards to investors and charges a 0.15% management fee, while its ETHE product offers 77% of rewards with a 2.5% management fee.

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