iShares Staked Ethereum Trust ETF reports its first operating period from January 14 to March 31, 2026, with net assets of $409,810,664 and 15,160,000 Shares outstanding. The Trust held 194,989 ether at fair value of $409,835,035 and a NAV of $27.03 per Share.
From seeding at $25.00 per Share, Financial Statement NAV rose 8.12%, closely tracking an 8.15% increase in ether’s price, while total return at NAV from the Effective Date was 1.31%. The Trust recorded a small net investment loss of $30,415 as Sponsor’s fees, partially offset by a fee waiver that reduced the effective fee to 0.12% for the first $2.5 billion of assets.
The Trust is a passive vehicle that holds ether and plans to earn additional rewards by staking a portion of its holdings, though no staking rewards were earned in this period due to extended staking queues. Management highlights significant regulatory risks, including the possibility that ether or staking arrangements could be treated as securities or commodity interests, which could trigger new registration requirements, higher costs, or even Trust termination.
BlackRock Portfolio Management LLC amended its Schedule 13G to report beneficial ownership of 4,000,000 shares of Common Stock of iShares Staked Ethereum Trust ETF. The filing shows a 19.4% stake and states one holder, BlackRock Financial Management, Inc.- MTM - Consol, holds over 5%.
The filing lists sole voting and dispositive power over 4,000,000 shares and identifies Exhibit 99 for subsidiary classification. The schedule is signed by Spencer Fleming, Managing Director.
iShares Staked Ethereum Trust filed a prospectus supplement dated April 15, 2026 updating fee and sponsor disclosures. The Sponsor’s staking portion plus the Prime Execution Agent’s share now aggregate 10% of gross Staking Consideration; the Trust will retain the remainder. The supplement also updates Sponsor leadership: Jay Jacobs is President and CEO and Bryan Bowers is CFO; the Sponsor board is listed and Jacobs’ biography and prior roles are provided.
iShares Delaware Trust Sponsor LLC filed a Post-Effective Amendment No. 1 to the Form S-1 for the iShares® Staked Ethereum Trust ETF (ETHB) under Rule 462(d). The amendment adds exhibits, including an Amended and Restated Staking Addendum to Coinbase Custody and a Power of Attorney.
iShares Staked Ethereum Trust ETF reported that on April 13, 2026, it entered into an amended and restated staking addendum to its Coinbase Custody Custodial Services Agreement. This addendum, tied to the existing Coinbase Prime Broker Agreement, updates the contractual terms governing how Coinbase and its affiliates provide custodial and staking services for the Trust’s Ethereum assets.
BlackRock Portfolio Management LLC reports beneficial ownership of 4,000,000 shares of iShares Staked Ethereum Trust ETF Common Stock as of 03/31/2026, representing 26.5% of the class. The filing lists sole voting and dispositive power over the 4,000,000 shares and notes an affiliated holder exceeding 5%.
iShares Staked Ethereum Trust ETF reported leadership changes at its sponsor, iShares Delaware Trust Sponsor LLC. On March 27, 2026, Jay Jacobs was appointed to the Sponsor’s Board of Directors and also became its President and Chief Executive Officer.
Jacobs is a Managing Director at BlackRock and has led U.S. equity ETFs at BlackRock since April 7, 2025, after earlier roles in thematic and active equity ETFs and at Global X ETFs. On the same date, Shannon Ghia resigned as a Director and as President and Chief Executive Officer of the Sponsor, and her resignation was stated not to result from any dispute or disagreement regarding the Trust’s operations, policies, or practices.