BlackRock’s ETHA Debuts on Nasdaq

BlackRock’s iShares Ethereum Trust ETF (ETHA) commenced trading today on Nasdaq. The ETF aims to follow the price movements of Ethereum’s native token, ether, and features a sponsor fee of 0.25%. For the first year, this fee is waived down to 0.12% for the first $2.5 billion in assets under management.

Jay Jacobs, U.S. Head of Thematic and Active ETFs, noted, “The strong interest in the iShares Bitcoin Trust highlights investors’ preference for accessing cryptoassets through the iShares investment platform. With the launch of the iShares Ethereum Trust ETF, we can now offer investors exposure to the two largest cryptocurrencies by market capitalization.”

The iShares Ethereum Trust ETF utilizes the same high-quality technology and risk management strategies as the over 1,400 ETFs managed by iShares globally.

Robert Mitchnick, Global Head of Digital Assets at BlackRock, remarked, “The introduction of the iShares Ethereum Trust ETF enhances our digital assets portfolio and simplifies access to an asset that has the potential to facilitate a variety of blockchain applications. This new offering reflects our ongoing commitment to driving innovation for our clients.”

ETHA follows the iShares Bitcoin Trust (IBIT), which debuted in January 2024. BlackRock’s digital assets suite illustrates the firm’s commitment to providing clients with access to new and developing sectors of the market.