BlackRock launches ETHB, first US spot Ethereum staking ETF, 0.12% fee

BlackRock launched the iShares Staked Ethereum Trust (ETHB) on Nasdaq. The fund adds native staking to a US spot Ethereum ETF.

A 0.12% sponsor fee applies. It runs for 12 months or until $2.5B AUM. Then the fee reverts to 0.25%. Source: BlackRock ETHB page.

Between 70% and 95% of Ethereum will be staked. Rewards are converted to cash. Dividends pay monthly. BlackRock charges an 18% service fee on rewards. Coinbase supports validation. Source: BlackRock ETHB page.

Trading began on March 12. Source: BlackRock ETHB page.

The fee undercuts spot-only peers. ETF trackers flag fee compression. Source: ETF.com on ETHB and fee race.

Non-staking funds offer price only. ETHB adds on-chain yield capture. Source: ETF.com on ETHB and fee race.

Ethereum activity stays elevated. Total-return products gain appeal. Source: Coinspeaker on Ethereum activity.

Key terms
- Ticker ETHB on Nasdaq. Source: BlackRock ETHB page
- Intro fee 0.12%. 12 months or $2.5B AUM. Then 0.25%. Source: BlackRock ETHB page
- 70–95% of ETH staked. Monthly cash dividends. Source: BlackRock ETHB page
- 18% reward service fee. Coinbase as validator partner. Source: BlackRock ETHB page
- Fee competition intensifies. Source: ETF.com on ETHB and fee race