BlackRock (NYSE:BLK) on Thursday launched the iShares Staked Ethereum Trust ETF (NASDAQ:ETHB) on Nasdaq, combining spot Ethereum (CRYPTO: ETH) exposure with staking rewards as institutional demand for crypto yield accelerates.
The Staking Feature Gap
ETHB marks BlackRock’s third crypto ETF and the first to incorporate staking, Coindesk reported on Thursday.
The fund holds spot Ethereum and stakes a portion of holdings on the Ethereum network, allowing investors to earn rewards while benefiting from price movements.
The launch addresses a gap that discouraged crypto-native investors from moving into ETFs.
Jay Jacobs, BlackRock’s U.S. head of equity ETFs, explained that investors who already held ether directly and were staking it weren’t ready to move into exchange-traded products because they …Full story available on Benzinga.com
Pundit Shares What The XRP Float Is Likely To Be For Global Settlement
...
Read moreDetails
