BlackRock's iShares Staked Ethereum Trust (ETHB) began trading on Nasdaq on March 12, offering institutional investors ETH exposure with approximately 3.1% staking yield.
BlackRock has listed its third crypto ETF, the iShares Staked Ethereum Trust (ETHB), on Nasdaq. The fund launched on March 12 with $107 million in seed assets and $15.5 million in first-day trading volume, making it the first staked Ethereum product from the world's largest asset manager.
The iShares Staked Ethereum Trust trades under the ticker ETHB on Nasdaq and stakes between 70% and 95% of its ETH holdings through validators operated by Figment, Galaxy Digital, and Attestant. Coinbase and Anchorage Digital serve as custodians.
ETHB passes 82% of gross staking rewards to shareholders through monthly distributions, while the remaining 18% is split among BlackRock, Coinbase, and infrastructure providers. The fund charges a 0.25% annual sponsor fee, discounted to 0.12% on the first $2.5 billion in assets for the first year. At current rates, that translates to a net yield of roughly 1.9% to 2.2% for holders.
ETHB is a direct result of the regulatory shifts in 2025 and early 2026. The GENIUS Act stablecoin framework, passed in July 2025, cleared the path for yield-generating crypto products. The departure of former SEC Chair Gary Gensler, who had required firms to strip staking from ETF filings, removed the final barrier.
The product signals a new era for crypto ETFs beyond simple price exposure. If a proof-of-stake asset can be packaged with staking yield into a regulated ETF wrapper, the same template applies to Solana, Cardano, and other PoS networks. Both SOL and ADA staking ETF filings are already before the SEC.
Early demand will be a key indicator. U.S. spot Bitcoin ETFs pulled in $568 million in net inflows during the first two weeks of March, and market participants will compare ETHB's asset gathering pace against that benchmark. Whether the staking yield proves attractive enough versus direct on-chain staking (roughly 2.68% gross) will determine the long-term appeal of the product.
BlackRock's ETHB launch marks a structural milestone for crypto ETFs, blending passive yield generation with regulated fund access. The market is now watching for similar staking ETF approvals for other proof-of-stake networks.
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