BlackRock has launched the iShares Staked Ethereum Trust ETF (ETHB), a Nasdaq-listed vehicle designed to provide spot Ethereum exposure while distributing staking income to investors. The ETF will custody Ethereum through Coinbase and stake a portion of its holdings to generate rewards, with distributions expected monthly or quarterly. At launch, ETHB carries a 0.25% sponsor fee, which will be temporarily reduced to 0.12% for the first $2.5 billion in assets under management. The product expands BlackRock’s existing digital asset ETF lineup, which already includes the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), which have accumulated more than $55 billion and $6.5 billion in assets, respectively.
BlackRock’s move follows similar developments from competitors. Grayscale Investments became the first U.S. issuer to enable staking for Ethereum ETFs in October 2025, while other asset managers such as 21Shares and REX-Osprey have also introduced or planned staking-enabled products. As institutional products begin incorporating staking-based returns, yield generation is expanding across decentralized finance platforms. This trend signals growing appetite for yield-generating crypto strategies.
Separately, Mutuum Finance is developing on-chain yield avenues through non-custodial lending pools. Mutuum Finance operates as an Ethereum-based lending and borrowing protocol designed to provide users with non-custodial access to liquidity while generating returns from lending activity within the platform. Depositors receive mtTokens representing their stake and accumulate yield as borrowers pay interest. mtTokens can be staked, allowing users to receive dividends in MUTM tokens, the native token of the Mutuum Finance ecosystem.
The reward distribution works through a mechanism that allocates a portion of protocol-generated fees to purchase MUTM tokens from the market and distribute them to users who stake their mtTokens. MUTM is currently priced at $0.04, with more than 19,000 token holders and over $20.8 million raised to date. The MUTM token smart contract has undergone a security review by CertiK, while the lending and borrowing smart contracts were audited by Halborn prior to the launch of the protocol’s V1 on the Sepolia testnet. The Mutuum team regularly publishes development updates on X (Twitter), Discord, and Telegram, noting position alert notifications and upcoming features undergoing internal audits.
The Mutuum Finance V1 protocol is live on the Sepolia testnet, where users can mint test tokens (ETH, LINK, WBTC, USDT), supply liquidity, borrow against collateral, and test staking features. Core features include mtTokens, debt tokens, the Stability Factor risk metric, Safe Mode Borrow Presets, and an automated liquidator bot. Safe Mode Borrow Presets allows users to select predefined risk levels when opening borrowing positions, with Safe, Balanced, and Aggressive presets corresponding to different Stability Factors and borrowing limits.
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