BlackRock debuts ETHB staked Ethereum ETF, shares 82% staking rewards
BlackRock launched a staked Ethereum ETF on Nasdaq. ETHB adds staking yield to spot exposure as traders watch key ETH levels.
BlackRock introduced the iShares Staked Ethereum (ETH) Trust ETF (ETHB) to “provide exposure to spot ether while potentially generating income by staking a portion of its ether holdings” Business Wire.
The fund plans to stake 70%–90% of its ETH and distribute rewards at least quarterly, per its S-1 filed in December NewsBTC.
Terms and setup:
- 82% of staking rewards go to investors; 18% to the trust, custodians, and staking providers SEC prospectus.
- Coinbase Custody Trust is the ETH custodian; Anchorage Digital Bank is an alternate SEC prospectus.
- BNY Mellon handles cash custody and administration SEC prospectus.
ETHB expands BlackRock’s digital asset line alongside IBIT and ETHA, which the firm calls the largest ETPs of their kind Business Wire. IBIT tracks Bitcoin Business Wire.
“Increasingly, investors allocate to digital assets,” said Jessica Tan, adding ETHB offers “income and exposure” with BlackRock’s transparency and risk management Business Wire.
Price and levels:
- ETH held the $2,000 level for three days despite volatility, analyst Ted Pillows noted. He sees a rally if ETH reclaims $2,150, with a “10%–15% quick rally” once that level is won back Ted Pillows.
- Rekt Capital highlights ETH’s multi-year uptrend since mid-2022 now being tested. Last month closed marginally below that support; weekly chart has four closes under the trendline. He calls it early breakdown behavior, but not confirmed. A weekly close back above and successful retest could invalidate the bearish setup and open the path to the next resistance region NewsBTC.
