BlackRock ETF Pays Investors 82% of Ethereum Staking Yield

ETHB holds spot Ethereum and stakes between 70% and 95% of its holdings on the Ethereum network.

Ethereum News

BlackRock listed its iShares Staked Ethereum Trust ETF on Nasdaq on Thursday under the ticker ETHB. The fund is BlackRock's first crypto product to incorporate Ethereum staking. It is the third staked Ethereum product available to U.S. investors.

ETHB holds spot

and stakes between 70% and 95% of its holdings on the Ethereum network. Investors

82% of staking rewards through monthly distributions. The remaining 18% is divided among the trust, custodians, and staking service providers.

The fund charges a 0.25% sponsor fee. BlackRock has temporarily reduced that fee to 0.12% on the first $2.5 billion in assets for the first year. The discount is intended to help the product build traction early on.

ETHB joins BlackRock's existing crypto lineup, which includes the iShares Bitcoin Trust ($IBIT) and the iShares Ethereum Trust (ETHA). IBIT currently manages more than $55 billion in assets. ETHA holds approximately $6.5 billion.

Coinbase is the fund's primary custodian and staking

. Per an SEC amendment filed March 9, Coinbase will receive 10% of staking rewards as a base fee. That fee drops to 6% if the fund reaches $20 billion in assets under management. Anchorage Digital is also named as a custodian.