BlackRock has launched its iShares Staked Ethereum Trust ETF (ETHB), trading on the Nasdaq. This new exchange-traded product provides investors with direct exposure to Ether and generates income through staking a portion of its holdings.
The ETHB product expands BlackRock's digital asset offerings, complementing its existing iShares Bitcoin Trust ETF and iShares Ethereum Trust ETF. The new ETF features a competitive 0.12% fee on the first $2.5 billion in assets under management, with a one-year waiver on the initial 0.25% sponsor fee.
Robert Mitchnick, BlackRock's global head of digital assets, stated that ETHB offers a new avenue for investors to participate in the evolving Ethereum ecosystem by combining spot Ether exposure with staking rewards. Jessica Tan, head of Americas for global product solutions at BlackRock, added that the ETF provides a convenient and transparent way for investors to access income and exposure to digital assets.