BlackRock has filed for a staked Ethereum ETF, the iShares Ethereum Staking Trust (ETHB), marking its first formal move toward SEC approval for a yield-bearing crypto product.

ETHA remains active as BlackRock’s spot Ethereum product, while ETHB expands the firm’s crypto ETF lineup to include staking-based income.

The filing begins the SEC review, but a 19b-4 form from the listing exchange is required to trigger a formal deadline for approval or denial.

The broader regulatory environment has shifted toward staking-friendly products, with prior approvals for staked funds and amendments to allow staking in existing ETFs.

ETHB will generate staking yields while providing price exposure to Ethereum, appealing to institutions seeking passive staking income without managing validators or custody.

regulatory leadership change under Paul Atkins has coincided with staking components becoming more feasible in ETF filings from BlackRock and peers.

Competitors are expanding staking-enabled ETFs, with Grayscale and Fidelity moving into staking in their crypto offerings, signaling broader market diversification.

ETH trades around $3,100 with a large market cap; typical staking yields around 3.95% annually, underpinning investor appetite for yield-focused products.

Trading would occur on Nasdaq under the ticker ETHB, with creation/redemption limited to authorized participants in large blocks, and detailed custody and staking arrangements outlined.

Coinbase Custody Trust Company would be the primary custodian, with Anchorage Digital as an alternative; ETHB would be a standalone product separate from ETHA.

ETHA and ETHB are distinct: ETHA holds roughly $11 billion in ETH, while ETHB would provide staking-derived yield exposure.

If approved, ETHB would trade on Nasdaq alongside BlackRock’s other ETFs, though approval is not guaranteed.