BlackRock’s iShares Staked Ethereum Trust ETF will trade on the Nasdaq and offer spot income and income with a low fee of 0.12% at $2.5 billion.
BlackRock is expanding its cryptocurrency investment portfolio with a new Nasdaq-listed product linked to Ethereum staking.
BlackRock on Thursday introduced its iShares Staked Ethereum Trust ETF, or ETHB, which it describes as an exchange-traded product (ETP) that provides investors with exposure to Ether (ETH) while earning income by staking a portion of their ETH holdings.
The product expands BlackRock’s digital asset offerings, which include the iShares Bitcoin Trust ETF (IBIT) and the iShares Ethereum Trust ETF (ETHA). Both ETPs are the largest in their class with over $55 billion and $6.5 billion in assets under management, respectively.
“By combining spot ether exposure and ETP rewards, ETHB provides investors with an important new way to participate in the evolution of the ecosystem,” said Robert Mitchnick, global head of digital assets at BlackRock.
At launch, ETHB will offer a sponsorship fee of 0.25% with a one-year waiver, reducing this fee to 0.12% for the first $2.5 billion in assets under management.
Jessica Tan, Americas Head of Global Product Solutions at BlackRock said: “Investors are increasingly allocating to digital assets as part of their strategic portfolio construction, and ETHB provides access to income and exposure to assets in a convenient and transparent manner.
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