[iShares Applies for Listing of Staked Ethereum Spot ETF ETHB on Nasdaq] According to U.S. SEC filings, BlackRock's iShares has submitted a revised S-1 filing, proposing the launch of the 'iShares Staked Ethereum Trust ETF' (ticker symbol: ETHB) to be listed on Nasdaq. The trust is a statutory trust under Texas law, primarily holding ETH, and plans to stake approximately 70%–95% of its assets through third-party nodes such as Coinbase to earn staking rewards, without compromising its tax status as a grantor trust. The product employs a creation and redemption mechanism in baskets of 40,000 shares, supporting cash or physical ETH transactions, with only authorized participants able to transact directly with the trust. The base fee rate is an annualized 0.25%, with a reduced rate of 0.12% for the first $2.5 billion in assets during the initial 12 months post-listing. The trust is expected to continuously issue shares under controlled risk conditions.