BlackRock is promoting a new Ethereum spot ETF with staking, ETHB.
Date: 2025-12-09 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
BlackRock has filed with the U.S. Securities and Exchange Commission to register a new trust called iShares Staked Ethereum Trust. If approved, it will become a spot Ethereum ETF, allowing not only direct investment in the asset but also staking within the fund structure.
According to the documents, the product is planned to be traded on the Nasdaq exchange under the ticker ETHB. Filing an S-1 pledge will pave the way for initial regulatory review, but a full launch will also require approval from a 19b-4, which regulates the listing of such products on the exchange.
The key feature of ETHB is that the fund will hold actual Ethereum and simultaneously stake a portion of these assets. The documents indicate that the staking range could be between 70% and 90% of the trust's assets, if market conditions are favorable. Potential income from staking is expected to be distributed among shareholders, but BlackRock's management does not specify the amount of fees.
Bloomberg Intelligence analyst Eric Balchunas noted that this is BlackRock's fourth cryptocurrency product and the second focused on Ethereum. He stated that the company is developing a strategy aimed at expanding choice for institutional investors, who are showing growing interest in digital assets.
An additional factor spurring the accelerated filing could be the recent simplified listing mechanism for cryptocurrency ETFs, previously approved by the SEC. BlackRock is also awaiting a decision on adding staking to its existing Ethereum spot ETF, ETHA. This fund remains the largest in the segment, managing over $11 billion in assets. In the summer of 2025, the SEC accepted the company's application to include staking in the ETHA structure, but a final decision has not yet been announced.
The launch of ETHB could be a significant event for the market: it combines the advantages of a spot ETF with the ability to earn income from staking, enhancing the product's appeal to long-term investors. If the SEC approves the application, BlackRock will be able to offer one of the most functional Ethereum trading tools on traditional exchanges.
