BlackRock Unveils ETHB ETF With 0.12% Fee, Abandons 60/40 for AI Stocks
BlackRock launched its iShares Staked Ethereum Trust ETF (ETHB) with a temporarily reduced 0.12% fee and above-average staking ratio, offering on-chain yield despite a risk-off environment. It also declared the 60/40 stock-bond portfolio obsolete, shifting focus to high-quality AI equities and emerging-market hard-currency debt as preferred allocations.
1. ETHB Launch and Features
BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) offers direct Ethereum exposure with on-chain staking yield managed by its global liquidity team. The ETF launched with a temporarily reduced 0.12% sponsor fee and a higher staking ratio than existing products, though broader market risk-off sentiment may limit near-term fund inflows.
2. 60/40 Allocation Declared Obsolete
In its latest outlook, BlackRock declared the traditional 60/40 equity-bond split no longer effective, citing decoupled stock-bond returns. The firm recommends reallocating toward high-quality AI-focused equities and emerging-market hard-currency debt as the new core allocations for diversified portfolios.