BlackRock's First Staking-Enabled Ethereum ETF to List on Nasdaq

Odaily News: Asset management giant BlackRock's staking-enabled Ethereum ETF, the iShares Staked Ethereum Trust ETF (ETHB), will begin trading on Nasdaq this Thursday. The fund will hold spot Ethereum and allocate a portion of its assets for network staking, allowing investors to gain exposure to ETH's price while having the opportunity to earn staking rewards. ETHB is BlackRock's third crypto ETF and its first product to incorporate a staking mechanism. The company previously launched the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA). Among them, IBIT's assets under management have exceeded $55 billion, while ETHA's are approximately $6.5 billion. BlackRock stated that introducing the staking feature aims to meet the demand of some investors who wish to earn yield while gaining exposure to ETH's price, while retaining the traditional financial advantages of ETFs in terms of custody, trading, and asset allocation. (CoinDesk)