0:00
0:00
Subscribe to Bankless or sign in
Multinational asset manager BlackRock has officially entered the staked ETH ETF race. The TradFi titian submitted an S-1 initial registration statement for the creation of the "iShares Staked 
Ethereum Trust ETF" with the SEC on Friday.
BlackRock previously telegraphed its intention to file last month, when it created a trust company for this latest ETF offering in Delaware.
What's the Scoop?
- Swinging for Staking: BlackRock has officially filed with the SEC to list ETHB, a staked Ethereum ETF, on the Nasdaq Exchange. The registration statement follows the October conversion of competitor Grayscale's ETH and ETHB ETFs into partially staked investment vehicles.
Coinbase Custody: Crypto exchange Coinbase will serve as the custodian for ETHB, the same role it plays for BlackRock's non-staked ETHA ETF. A staking service for ETHB has yet to be announced, but the Trust can select more than one, and Coinbase is likely be selected as a major provider. - Separate Structure: At this time, BlackRock's new ETHB ETF will remain separate from its existing ETHA ETF, with holds roughly $11B in Ether. ETHB is a standalone fund built intended to deliver staking rewards to public-market investors.
- Unknown Fees: BlackRock has not yet disclosed the fee structure for ETHB, but has indicated that it will charge both management and staking fees. For comparison, BlackRock's ETHA charges a relatively negligible annual management fee of 0.25% per year, which current ETH staking yields more than compensate.
The official prospectus filing for ishares Staked Ethereum ETF, their fourth crypto filing. Spot btc, eth, btc income and now this. pic.twitter.com/M6vRxiGm78
—Eric Balchunas (@EricBalchunas) December 8, 2025
