BlockBeats News, March 12th. According to CoinDesk, BlackRock’s Staked Ethereum ETF will begin trading on Nasdaq today. The fund will hold spot Ethereum and use a portion of the assets for on-chain staking, allowing investors to earn staking rewards while having exposure to ETH price movements. ETHB is BlackRock’s third crypto ETF and its first product to incorporate a staking mechanism.
Previously, the company launched IBIT and ETHA, with IBIT managing over $55 billion in assets and ETHA around $6.5 billion. BlackRock stated that the introduction of staking aims to meet the needs of investors who want to earn yields while having ETH price exposure, while retaining the ETF’s traditional financial advantages in custody, trading, and asset allocation.
