Overview
- The proposed trust would track ether’s price and add staking rewards by allocating roughly 70%–90% of holdings to Ethereum’s proof-of-stake.
- Coinbase Custody is named as the ether custodian, BNY Mellon as cash custodian and administrator, and Anchorage Digital as an additional custodian.
- BlackRock will rely on approved third-party staking providers rather than operate validators itself, with the option to reduce staking during network stress.
- Staking rewards are variable and not guaranteed, and the filing cites risks such as withdrawal queues, slashing penalties, and operational issues.
- ETHB would be a separate product from BlackRock’s existing spot Ether fund (ETHA), and it is intended to list on Nasdaq pending required SEC approvals.