iShares applies to list a pledgeable Ethereum spot ETF ETHB, planned to be traded on NASDAQ

ZkProver · 2026-02-24T02:17:24+00:00

BlackRock's iShares has filed a revised S-1 to launch the "iShares Staked Ethereum Trust ETF" (ticker: ETHB). The trust primarily holds ETH and participates in Ethereum staking to earn rewards. The product uses an creation and redemption mechanism, with an annual base fee of 0.25%, reduced to 0.12% for the first 12 months.

ZkProver

2026-02-24 02:17:24

Abstract generation in progress

ChainCatcher reports that according to U.S. SEC filings, BlackRock’s iShares has submitted an amended S-1 form to launch the “iShares Staked Ethereum Trust ETF” (ticker: ETHB), which will be listed on Nasdaq.

The trust is a statutory trust under Texas law, primarily holding ETH, and, without affecting its tax status as a grantor trust, will participate in Ethereum staking through third-party nodes such as Coinbase, with approximately 70%–95% of assets involved in staking to earn staking rewards.

The product employs a basket redemption mechanism with 40,000 units, supporting cash or physical ETH redemptions, with only authorized participants able to redeem directly with the trust. The base fee rate is 0.25% annually, reduced to 0.12% for the first 12 months on the initial $2.5 billion of assets after listing. The trust plans to continue issuing shares as long as risk remains manageable.

ETH-4,56%

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