BlackRock's Ethereum Staking ETF is now officially trading, currently at $26.31

BlockBeats News, March 12, according to Bitget data, BlackRock's Ethereum Staking ETF (ETHB) has officially launched on Nasdaq, with a current price of $26.31 and a trading volume of $4.6 million since its launch.

The fund will hold spot Ethereum and use part of the assets for on-chain staking, allowing investors to receive staking rewards while having exposure to ETH price. ETHB is BlackRock's third cryptocurrency ETF and its first product to introduce a staking mechanism.

BlackRock stated that the introduction of staking is aimed at meeting the needs of investors who want to earn yield while having ETH price exposure, while maintaining the ETF's traditional financial advantages in custody, trading, and asset allocation.