BlackRock is expanding its cryptocurrency investment offer with a fresh product listed on the Nasdaq exchange related to Ethereum staking.
BlackRock on Thursday introduced its iShares Staked Ethereum Trust ETF, or ETHB, describing it as an exchange-traded product (ETP) that combines Ether (ETH) spot exposure with “monthly income potential” by staking a portion of your ETH holdings.
The product expands BlackRock’s digital asset offering, which includes 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 ether spot market exposure and ETP staking rewards, ETHB provides investors with an important new opportunity to participate in the evolution of the ecosystem,” said Robert Mitchnick, global head of digital assets at BlackRock.
ETHB will utilize Coinbase as a custodian and staking provider
According to to the Securities and Exchange Commission prospectus, ETHB BlackRock will utilize Coinbase as its custodian and staking provider.
Validators approved by the fund are currently circumscribed to Figment, Galaxy Digital and Bitwise Validators.
Staking rewards are to be paid monthly, but “not less than quarterly by the trust,” the filing notes.
Related: Vitalik Buterin predicts that “one-click” Ether staking will be possible for institutions
At launch, ETHB offers a 0.25% sponsor fee with an annual waiver, reducing this fee to 0.12% for the first $2.5 billion in assets under management.
First in grayscale to enable staking of Ether ETFs in the US
BlackRock’s Ether staking product comes as several competitors have introduced similar offerings.
Grayscale Investments, BlackRock’s the biggest cryptocurrency ETF competitor in terms of assets under management launched staking for Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH) on October 6, 2025, becoming the first U.S. cryptocurrency issuer to do so.
The company has also enabled staking of the Grayscale Solana Trust (GSOL), which he started trading at the end of October. Additionally, gray scale debuted on Thursday, the Grayscale Avalanche Staking ETF (GAVA).
Other issuers, including 21Shares and REX-Osprey, also support Ether ETF staking. 21Shares in February announced expected distribution dates for staking rewards from the 21Shares Ethereum ETF for 2026.
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