After the first wave of spot ether (ETH) exchange-traded funds launched without staking, BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), one of the industry’s most anticipated versions, begins trading on Nasdaq on Thursday.

The fund marks the asset manager’s third crypto ETF and the first from BlackRock to incorporate staking. ETHB will hold spot ether and stake a portion of those holdings on the Ethereum network, allowing investors to potentially earn rewards while benefiting from price movements.

The new vehicle expands BlackRock’s existing digital asset lineup, which includes the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA). Those funds have grown rapidly since their launches, with IBIT today…