BlackRock Files for Staked Ethereum ETF Amid $11B Crypto Push

• BlackRock files SEC request for staked Ethereum ETF.
• Move reflects growing demand for staking-based crypto products.

On December 8, 2025, BlackRock, the world’s largest asset manager, filed plans with the U.S. Securities and Exchange Commission (SEC) to launch the iShares Staked Ethereum Trust ETF, a product designed to offer investors staking rewards from Ethereum under a regulated investment structure.

According to the filing, the ETF aims to stake between 70% and 90% of its Ethereum holdings under standard market conditions. Staking rewards, after deducting applicable fees, will be distributed to the fund’s shareholders. The ETF is expected to trade under the ticker symbol ETHB.

Coinbase Custody has been designated as the primary custodian to secure the ETF’s assets, with Anchorage Digital Bank listed as an alternative custodian to provide operational flexibility.

This filing underscores BlackRock's decision to create a new product instead of modifying its existing iShares Ethereum Trust (ETHA), which holds approximately $11 billion in Ethereum assets without currently offering staking capabilities. In July 2025, Nasdaq proposed changes to the SEC that would add staking functionality to ETHA, but no modifications have been implemented to date.

The new application also highlights the SEC’s increasingly open stance on staking-related financial products, as other asset management firms like Grayscale and VanEck have started incorporating staking mechanisms into their own ETF offerings to meet investor demand. BlackRock’s move signifies a strategic effort to expand access to this growing segment of cryptocurrency-backed income products. The application marks the start of the SEC’s review process for the iShares Staked Ethereum Trust.

As of December 8, 2025, 16:08 UTC, Ethereum (ETH) is trading at $3,107.54, reflecting a 3.31% increase in 24-hour trading volume, according to CoinMarketCap.