SEC Filing: BlackRock's iShares Submits Amended S-1

WuSaidBlockchainW · 2026-02-24T02:12:09+00:00

BlackRock's iShares has filed a revised S-1, planning to launch the "iShares Staked Ethereum Trust ETF" (ticker: ETHB) listed on Nasdaq, primarily holding ETH and participating in Ethereum staking to earn rewards, with an underlying fee rate of 0.25%.

WuSaidBlockchainW

2026-02-24 02:12:09

Abstract generation in progress

U.S. SEC filings show that BlackRock’s iShares has submitted an amended S-1, proposing to launch the “iShares Staked Ethereum Trust ETF” (ticker: ETHB) and list it on Nasdaq; the trust primarily holds ETH and plans to stake approximately 70%–95% of its assets through third-party nodes such as Coinbase to earn staking rewards, without affecting the trust’s tax qualification for grantors. The product uses a basket redemption mechanism of 40,000 units, supporting cash or physical ETH redemptions, with only authorized participants able to redeem directly with the trust. The base fee rate is 0.25% annually, with a fee waiver to 0.12% for the first 12 months on the initial $2.5 billion of assets after listing, and it states that shares will continue to be issued under controlled risk conditions.

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