BlackRock Files S-1 for Staked ETH ETF

BlackRock’s new filing outlines an ETF that stakes most of its ETH and pays out yield, arriving as staked supply hits record levels.

Asset manager BlackRock has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the iShares Staked Ethereum ETF.

The fund will trade under the ticker ETHB and plans to stake between 70% to 90% of its holdings under normal conditions, mirroring ETH price movements while distributing yields quarterly after fees.

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Shares would trade on Nasdaq, with creation and redemption limited to authorized participants in 40,000-share blocks.

The new product would also remain separate from BlackRock’s existing iShares Ethereum Trust (ETHA), which holds about $11 billion in ETH.

The filing comes at a time when staked ETH already sits near an all-time high, while ETH on centralized exchanges reached near-record lows.

Data from a Dune dashboard compiled by @hildobby shows that $108 billion worth of ETH has been staked, amounting to 28.08% of total supply.