BlackRock expands Ethereum staking validator pool to automate monthly investor rewards
Investors in the iShares Staked Ethereum Trust ETF (ETHB) receive staking rewards distributed on a monthly basis without holding Ether directly. BlackRock has added Galaxy Digital to the validator group for the fund, which stakes the majority of its Ether holdings through institutional validators. Galaxy joins Figment and Attestant as approved validators for the fund's staked Ether. This infrastructure supports the fund, which held more than $435 million in assets as of April 8, including $339 million in staked Ether. The process begins with BlackRock naming Galaxy Digital as an approved validator for theB trust.
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