Key Highlights

  • The trust holds about 82% staked ether and 18% unstaked ether by market value.
  • Net asset value is $27.35, after a one-day decline of $1.36, or 4.74%.
  • The sponsor fee is 0.25%, with a temporary Waiver on Assets up to $2.5 billion.
  • Distributions are paid monthly, and the staking rewards rate is 1.88%.

Investors seeking exposure to ether without managing their own custody have a product in the iShares Staked Ethereum Trust ETF (NASDAQ:ETHB). Figures in this article are current to November 9, 2026. The trust seeks to reflect generally the performance of the price of ether, as well as rewards from staking a portion of its ether. The trust began trading on Nasdaq in February 2026, and it is not an Investment company registered under the Investment Company Act of 1940.

Fund Fact

Detail

Exchange and ticker

NASDAQ: ETHB

Fund inception

February 18, 2026

Net assets

$845.6 million

Net asset value

$27.35

Daily NAV change

-$1.36 (-4.74%)

Sponsor fee

0.25%

30-day staking rewards rate

1.88%

Distribution frequency

Monthly

Holdings

Staked ether 81.8%, ether 18.2%

How the Trust Holds Ether

Most of the trust's assets are staked ether, which accounts for about 81.8% of market value. The remaining 18.2% is held as unstaked ether. The shares are designed to reflect the Market Price of ether owned by the trust, less expenses and liabilities.

The ether Custodian is Coinbase Custody Trust Company, and the trust's net asset value is determined using the CME CF Ether Dollar Reference Rate. Shares are redeemable only in large baskets by authorized participants, while investors trade on the exchange.

Staking Rewards, Fees and Trading

The trust's 30-day staking rewards rate is 1.88%, and distributions are paid monthly. The sponsor fee is 0.25%, but BlackRock is waiving part of it for the first 12 months, reducing it to 0.12% on the first $2.5 billion of assets.

The net asset value fell $1.36 in the latest session, a decline of 4.74%. The 30-day median bid-ask spread of 0.06% and average Volume of about 416,000 shares describe active trading.

Risks Specific to Digital Assets

Digital asset prices are highly volatile, and the trust carries risks tied to security breaches, private key loss and sudden shifts in market sentiment. Staked ether cannot be sold during activation and withdrawal, so it is Illiquid for those periods.

The trust is not a registered investment company and is not a Commodity pool under the Commodity Exchange Act. Investors should review the risk factors in the trust's prospectus before making a decision.

Final Word

The iShares Staked Ethereum Trust ETF offers ether exposure through a structure that adds staking rewards, with the price of ether and staking mechanics driving its results. Its temporary fee waiver, monthly distribution schedule and digital asset risks set it apart from conventional Equity and bond funds. Its role in a portfolio depends on an investor's tolerance for Volatility in digital assets.