BlackRock has moved closer to launching a yield-generating Ethereum ETF in the U.S. after filing an amended S-1 registration. An affiliated entity seeded the trust with $100,000 by purchasing 4,000 initial shares.
The planned iShares Staked Ethereum Trust ETF (ticker: ETHB) intends to stake most of its ETH holdings — typically 70–95% — to generate on-chain rewards. Based on early-2026 reference benchmarks, estimated annual staking yield is around 3%, though BlackRock notes returns are not guaranteed and tend to decline as validator participation increases.
Unlike BlackRock’s existing spot Ethereum ETF, which only tracks price, this new fund is designed to produce yield through staking. The sponsor fee is set at 0.25% annually, with a discounted 0.12% rate for the first $2.5 billion in assets during the first year .$ETH
About 18% of gross staking rewards will be shared between the sponsor and execution agent Coinbase Prime, while the remaining net rewards go to the trust. Roughly 5–30% of ETH will stay unstaked to support liquidity, creations, and redemptions.
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