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BlackRock’s ETHA Debuts on Nasdaq
BlackRock’s iShares Ethereum Trust ETF (ETHA), begins trading today on Nasdaq. ETHA seeks 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 $2.5B assets under management (AUM)1.
“The robust demand for the iShares Bitcoin Trust underscores investors’ preference to access a cryptoasset 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 of our commitment to driving innovation for our clients.”
ETHA follows the iShares Bitcoin Trust (IBIT), which was 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 www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/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 1400+ 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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Important Information
This information must be accompanied or preceded by a current iShares Ethereum Trust ETF prospectus and iShares Bitcoin Trust Prospectus. Please read the prospectuses carefully before investing.
The iShares Trusts are not investment companies registered under the Investment Company Act of 1940, and therefore are not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940. Investments in these products are speculative and involve a high degree of risk.
Investing involves a high degree of risk, including possible loss of principal. An investment in the Trust is not suitable for all investors, may be deemed speculative and is not intended as a complete investment program. An investment in Shares should be considered only by persons who can bear the risk of total loss associated with an investment in the Trust.
Investing in digital assets involves significant risks due to their extreme price volatility and the potential for loss, theft, or compromise of private keys. The value of the shares is closely tied to acceptance, industry developments, and governance changes, making them susceptible to market sentiment. Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on their acceptance. Changes in the governance of a digital asset network may not receive sufficient support from users and miners, which may negatively affect that digital asset network’s ability to grow and respond to challenges Investing in the Trust comes with risks that could impact the Trust's share value, including large-scale sales by major investors, security threats like breaches and hacking, negative sentiment among speculators, and competition from central bank digital currencies and financial initiatives using blockchain technology. A disruption of the internet or a digital asset network would affect the ability to transfer digital assets and, consequently, would impact their value. There can be no assurance that security procedures designed to protect the Trust’s assets will actually work as designed or prove to be successful in safeguarding the Trust’s assets against all possible sources of theft, loss or damage.
The Trust(s) may incur certain extraordinary, non-recurring expenses that are not assumed by the Sponsor.
The iShares Ethereum Trust ETF (the “Trust”) is not sponsored, endorsed, issued, sold or promoted by Stiftung Ethereum (the "Ethereum Foundation"), nor does the Ethereum Foundation make any representation regarding the advisability of investing in the Trust. BlackRock is not affiliated with the Ethereum Foundation. Ethereum Marks are owned by the Ethereum Foundation, used under license.
Shares of the Trust are not deposits or other obligations of or guaranteed by BlackRock, Inc., and its affiliates, and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency. The sponsor of the trust is iShares Delaware Trust Sponsor LLC (the “Sponsor”). BlackRock Investments, LLC ("BRIL"), assists in the promotion of the Trust. The Sponsor and BRIL are affiliates of BlackRock, Inc. The bitcoin and ether Custodian is Coinbase Custody Trust Company, LLC, which is not affiliated with BlackRock, Inc. The Sponsor is not responsible for losses incurred due to loss, theft, destruction, or compromise of the trust's bitcoin or ether.
©2024 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are trademarks of BlackRock, Inc., or its affiliates. All other trademarks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240722613376/en/
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