BlackRock Launches Ethereum Staking ETF: ETH Exposure with Yield

BlackRock is further expanding its cryptocurrency investment product line with the launch of a new product linked to Ethereum staking, listed on Nasdaq.

This product enriches BlackRock's digital asset offerings, which include the iShares Bitcoin Trust ETF (IBIT) and the iShares Ethereum Trust ETF (ETHA). Both ETPs are leaders in their respective categories, with assets under management exceeding $55 billion and $6.5 billion, respectively. Robert Mitchnick, Head of Global Digital Assets at BlackRock, stated, "By integrating spot Ether exposure and staking rewards into a single ETP, ETHB provides investors with an important new avenue to participate in the development of the Ethereum ecosystem." ETHB will use Coinbase as its custodian and staking service provider.

The filing indicates that staking rewards are distributed monthly, but "the Trust will distribute no less frequently than quarterly." At launch, ETHB offers a 0.25% sponsor fee, with a one-year fee waiver, reducing the fee to 0.12% for the first $2.5 billion in assets under management.

BlackRock's launch of an Ethereum staking product comes as several competitors have also introduced similar offerings. Grayscale was the first to launch an Ether ETF staking-supported product in the United States.