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BlackRock Launches Staked ETH ETF, Trading Begins Today

The much-anticipated staked ETH ETF goes live on Nasdaq today, combining spot ETH exposure with staking rewards in a single fund.
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Mar 12, 2026 • 1 min read

BlackRock's iShares Staked Ethereum Trust ETF (ETHB) begins trading on Nasdaq today, debuting the asset manager's first staking fund and allowing investors to earn rewards alongside spot ETH exposure.

What's the Scoop?

  • The Product: ETHB will hold spot ether and stake a portion of those holdings. It iss BlackRock's third crypto ETF after the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).
  • Fee Structure: The fund carries a 0.25% sponsor fee, temporarily discounted to 0.12% on the first $2.5 billion in assets during the first year.
  • Existing Scale: IBIT currently manages over $55 billion in assets; ETHA holds about $6.5 billion. BlackRock oversees roughly $130 billion across crypto-related exchange-traded products, tokenized liquidity funds, and stablecoin reserve management. iShares captured approximately 95% of flows into digital asset ETPs in 2025.

Bankless Take:

Ethereum has long pitched itself as a yield-bearing asset, and rightfully so. Crypto natives understand this and, despite price volatility, have been able to rely on the steady stream of earnings ETH provides. This pitch has also seemed to resonate with Wall Street, as we saw with DATs. Institutional actors who wanted the familiarity of an ETF wrapper were forced to forgo this value prop with the first wave of spot ETH ETFs launched. This led to a fundamental disconnect. Further, it also turned off crypto natives further to the idea of holding ETFs. That all changes today.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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