The iShares Staked Ethereum Trust ETF filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing net assets of $1,188,664,751 and staking income of $3,067,127 for the three months ended September 30, 2026.

Key Highlights

  • Net assets: $1,188,664,751 as of September 30, 2026, up from $459,401,748 at June 30, 2026.
  • Net asset value per share: $34.68 as of September 30, 2026, with 34,280,000 shares issued and outstanding.
  • Staking income: $3,067,127 for the three months ended September 30, 2026, and $4,261,912 for the period from January 14, 2026 (Date of Seeding) to September 30, 2026.
  • Ether holdings: 441,284 ether held at fair value of $1,188,766,519, against a cost of $974,021,529, with 337,045 ether (76.4% of the position) staked through third-party counterparties.
  • Net increase from operations: $367,071,461 for the three months ended September 30, 2026, driven primarily by $364,969,560 in net change in unrealized appreciation.
  • Shares outstanding as of October 31, 2026: 32,520,000.

iShares Staked Ethereum Trust ETF: Financial Results for Q3 2026

According to the filing, the iShares Staked Ethereum Trust ETF (NASDAQ:ETHB), organized in Delaware and sponsored by iShares Delaware Trust Sponsor LLC, began operations on January 14, 2026 (Date of Seeding). By September 30, 2026, the trust held 441,284 ether at a fair value of $1,188,766,519, compared to a cost basis of $974,021,529, the registrant disclosed. Of that position, 337,045 ether, representing 76.4%, were staked through third-party counterparties as of that date.

For the three months ended September 30, 2026, the trust reported net investment income of $2,650,436, reflecting staking income of $3,067,127 offset by total expenses of $416,691. Total expenses included the sponsor's fee inclusive of the Sponsor's Staking Portion of $660,434, reduced by a fee waiver of $243,743, the filing stated. Net realized losses for the quarter were $(548,535), while net change in unrealized appreciation was $364,969,560, resulting in a net increase in net assets from operations of $367,071,461. Net increase in net assets per share for the quarter was $13.92, based on average shares outstanding during the period.

The statements of changes in net assets show that from inception through September 30, 2026, the trust issued 37,720,000 shares and redeemed 3,440,000 shares, for a net increase of 34,280,000 shares outstanding. Capital contributions for shares issued during the quarter totaled $388,937,171, while distributions for shares redeemed were $24,122,899, the filing reported. Distributions to shareholders during the quarter totaled $2,622,730. As of October 31, 2026, the registrant reported 32,520,000 shares outstanding.

What Was Disclosed

The trust filed its first full quarterly report since seeding in January 2026, covering financial statements through September 30, 2026. Key disclosures included net assets of $1,188,664,751, a net asset value per share of $34.68, and staking income of $4,261,912 since inception.