BlackRock is launching a spot Ethereum ETF that includes staking functionality, beginning to trade on Nasdaq today under the ticker ETHB. The iShares Staked Ethereum Trust ETF will hold spot ether and stake a portion of the assets to generate additional yield for investors. This product provides an ETF structure for investors seeking both price exposure and the rewards available from the Ethereum network’s proof-of-stake consensus mechanism.
BlackRock, the world’s largest asset manager, is reportedly launching a staking version of its spot Ethereum exchange-traded fund. The iShares Staked Ethereum Trust ETF will begin trading on Nasdaq today under the ticker ETHB.
The financial vehicle will hold spot ETH and stake a portion of its assets under management. This marks BlackRock‘s first and only cryptocurrency fund to incorporate staking rewards alongside spot exposure.
Consequently, the firm now has three spot crypto ETFs, including its bitcoin fund IBIT and its initial ether fund ETHA. Those existing funds have attracted substantial assets, with over $55 billion for IBIT and $6.5 billion for ETHA.
Jay Jacobs, BlackRock’s US head of equity ETFs, commented on the new product. He stated that “While ETHA has developed liquidity and a growing derivatives market, some investors are focused on maximizing total returns by combining ether price exposure with staking rewards.”
Jacobs further noted the product addresses investor choice for those who have been staking ether directly. He explained that ETHB allows them to keep staking benefits while gaining the operational advantages of an ETF.
The Ethereum network transitioned from proof of work to proof of stake, allowing holders to lock assets to validate transactions. These participants receive rewards, which function similarly to yield in traditional finance.
All existing Ethereum ETFs have attracted more than $11.6 billion in cumulative net inflows since their debut in July 2024. That figure is down from an all-time high of over $15 billion seen in early October 2025.
