ChainThink reports that on March 12, according to CoinDesk, BlackRock’s staked Ethereum ETF will begin trading on Nasdaq today. The fund will hold spot Ethereum and allocate a portion of its assets to network staking, allowing investors to gain exposure to ETH price movements while also having the opportunity to earn staking rewards. ETHB is BlackRock’s third cryptocurrency ETF and its first product to incorporate staking.
The company previously launched IBIT and ETHA, with IBIT's assets under management exceeding $55 billion and ETHA at approximately $6.5 billion. BlackRock stated that introducing staking functionality aims to meet the demand from some investors who wish to earn yield while gaining exposure to ETH prices, while retaining the traditional financial advantages of ETFs in custody, trading, and asset allocation.