BlackRock Files for iShares Staked Ethereum Trust ETF with SEC
BlackRock’s SEC filing for a staked Ethereum ETF outlines plans to stake most holdings, distribute rewards quarterly, and utilize Coinbase and Anchorage as custodians.
BlackRock has officially filed an S-1 with the SEC to launch the iShares Ethereum Staking Trust (ETHB), which would track Ethereum’s price and distribute staking rewards quarterly. The fund plans to stake 70–90% of its ETH holdings, with Coinbase Custody Trust as primary custodian and Anchorage Digital Bank as an alternative. Bank of New York Mellon will handle cash custody and administration. ETHB will operate independently from BlackRock’s existing iShares Ethereum Trust ETF (ETHA), which holds $11 billion in AUM. The filing comes after last month’s Delaware registration of the product name and follows speculation in the crypto community. As of the news, Ethereum trades at $3,114, up 13.7% over the week.
- Staked Ethereum ETF: An exchange-traded fund offering exposure to Ethereum’s price along with rewards from staking the cryptocurrency.
- Staking: The process of locking cryptocurrency in a network to support operations such as transaction validation, earning rewards in return.
- iShares Ethereum Trust ETF (ETHA): BlackRock’s existing spot Ethereum ETF, offering price exposure without staking rewards, with $11 billion in assets under management.