New Staked Ether ETF for Income Investors (Report)

The financial vehicle will begin trading today on the Nasdaq under the ticker ETHB.

Nearly two years since the debut of traditional exchange-traded funds tracking the performance of the largest altcoin, the world’s largest asset manager is launching a staking version today on the Nasdaq.

BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) holds ETH points and holds a portion of AuM to benefit from staking rewards.

According to the report, ETHB will be the first and only BlackRock cryptocurrency fund to include premiums along with spot exposure.

Thus, the asset manager will now have three crypto ETFs after the debut of IBIT in January 2024 and ETHA six months later. Both spot ETFs tracking the two largest cryptocurrencies are highly competitive market leaders, with AuM of over $55 billion for IBIT and $6.5 billion for ETHA.

ETHB will place a portion of its ethereum holdings on the Ethereum network, allowing it to potentially earn additional revenue through staking rewards while tracking the asset’s market price.

Jay Jacobs, BlackRock’s US head of equity ETFs, commented on the new product, indicating that it is “really about investor choice”, before adding:

“While ETHA has developed liquidity and a growing derivatives market, some investors are focusing on maximizing total returns by combining ether price exposure with staking rewards.”

Following the unification of Ethereum from proof-of-work to proof-of-stake, the network allows ether holders to lock assets to help validate transactions and secure the blockchain. They are rewarded for their participation in a form similar to income in traditional finance.

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Jacobs further noted that some investors who already own ETH directly are holding on to it and are not ready to switch to an ETF because they are missing out on this opportunity. Now, however, ETHB allows them to “retain contributory benefits while gaining the operational advantages of an ETF structure.”

All Ethereum ETFs have attracted more than $11.6 billion in cumulative net inflows since their debut in July 2024. That figure is down from an all-time high of more than $15 billion in early October 2025.