BlackRock’s ETHA Launches on Nasdaq

BlackRock’s iShares Ethereum Trust ETF (ETHA) begins trading today on Nasdaq. ETHA aims to track the price of Ethereum’s native token, ether, and carries a 0.25% sponsor fee, with a one-year waiver reducing the fee to 0.12% on the first $2.5 billion assets under management (AUM) .

“The robust demand for the iShares Bitcoin Trust underscores investors’ preference to access a crypto asset through the convenience of the iShares investment platform. The launch of the iShares Ethereum Trust ETF has enabled us to now provide investors access to the two largest cryptocurrencies by market cap,” said Jay Jacobs, U.S. Head of Thematic and Active ETFs.

The iShares Ethereum Trust ETF is underpinned by the same institutional-grade technology and risk management expertise used for iShares’ 1,400+ ETFs globally.

“The launch of the iShares Ethereum Trust ETF adds to our digital assets offering and simplifies investor access to an asset that has the potential to support a different and wide range of blockchain applications,” said Robert Mitchnick, Global Head of Digital Assets at BlackRock. “This latest offering is a testament to our commitment to driving innovation for our clients.”

ETHA follows the iShares Bitcoin Trust (IBIT), which launched in January 2024. BlackRock’s digital assets product suite demonstrates the firm’s ongoing dedication to giving clients access to new and evolving corners of the market.

To learn more about the iShares Ethereum Trust ETF, visit iShares.com/ETHA.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit blackrock.com | Twitter: @blackrock | LinkedIn: BlackRock.

About iShares

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1,400+ exchange-traded funds (ETFs), and $3.86 trillion in assets under management as of June 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

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