Monitor the trust's ability to maintain its staking program and liquidity management, particularly during periods of high redemption demand when staked ether cannot be quickly accessed. The success of this product will depend on ether price performance and the stability of the staking infrastructure.
Executive Summary
The iShares Staked Ethereum Trust ETF (ETHB) is a new exchange-traded product that holds ether and stakes a portion of it to earn rewards. The trust aims to track ether's price plus staking rewards, with BlackRock as sponsor and Coinbase as custodian and execution agent. As of February 27, 2026, the trust had $98.96 million in net assets with a NAV of $24.74 per share.
Key Facts
- Trust holds ether and stakes 70-95% of holdings through Coinbase
- $98.96 million net assets as of February 27, 2026
- 0.25% annual sponsor fee (reduced to 0.12% for first $2.5B in assets for first year)
- 18% of staking rewards go to sponsor and execution agent
- Shares backed by ether held in cold storage with Coinbase Custody
- No revenue or earnings data available as this is an IPO filing
Financial Impact
Trust has $98.96 million in assets backing shares
Risk Factors
- Extreme volatility in ether prices
- Regulatory uncertainty around crypto assets
- Liquidity risks during redemption periods due to staking lock-up periods
- Security risks of holding digital assets
- Potential for network forks or protocol changes
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001437749-26-006395 |
| Exhibit: ex_926826.htm | 0001437749-26-006395 |
| Exhibit: ex_926825.htm | 0001437749-26-006395 |
| Document: 0001437749-26-006395-index-headers.html | 0001437749-26-006395 |
| Document: 0001437749-26-006395-index.html | 0001437749-26-006395 |
| Document: 0001437749-26-006395.txt | 0001437749-26-006395 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 22d ago | SC 13G/A | $34.85 | awaiting T+20 | — | $30.19 (−13.38%) |
Jun 5, 2026 20w ago | 8-K | $21.68 $23.07 | ▲ +6.41% | ▲ +4.78% | $30.19 (+39.25%) |
Apr 15, 2026 27w ago | 8-K | $30.37 $29.00 | ▼ −4.51% | ▼ −10.33% | $30.19 (−0.59%) |
Mar 12, 2026 32w ago | EFFECT | $26.67 $29.02 | ▲ +8.81% | ▲ +6.84% | $30.19 (+13.20%) |
Mar 6, 2026 33w ago | S-1/A | — | awaiting T+20 | — | — |
Mar 2, 2026 34w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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