TLDR
- BlackRock has filed for a staked Ethereum ETF with the U.S. SEC, expanding its Ethereum investment offerings.
- The iShares Staked Ethereum Trust was registered in Delaware on November 19 as part of BlackRock’s latest move.
- BlackRock will need to submit a Form S-1 to the SEC before the new ETF can proceed.
- The new ETF will sit alongside the existing iShares Ether Fund, which has amassed over $13 billion.
- BlackRock joins other asset managers, such as Fidelity and Grayscale, in adding staking features to Ethereum ETFs.
BlackRock has officially filed for a staked Ethereum ETF with the U.S. Securities and Exchange Commission (SEC). The firm aims to add this new fund alongside the existing iShares Ether Fund (ETHA), which has already accumulated over $13 billion since its launch. This latest move expands BlackRock’s footprint in the Ethereum staking sector.
BlackRock Registers iShares Staked Ethereum Trust
On November 19, BlackRock formally established the iShares Staked Ethereum Trust ETF as a statutory trust in Delaware. The trust was registered under the Securities Act of 1933, requiring BlackRock to provide detailed disclosures before offering it to the public. Daniel Schweiger, a managing director at BlackRock, handled the trust’s registration. He also oversaw the creation of the iShares Ethereum Trust in late 2023.
The filing, however, does not include product-specific details. BlackRock will need to submit a Form S-1 to the SEC before the product can proceed. The Delaware Division of Corporations confirmed the registration, which will allow BlackRock to move forward with the staking ETF once the SEC approval is granted.
Ethereum Price Recovery Supports BlackRock’s Filing
BlackRock’s push into Ethereum staking places the firm alongside other asset managers, including 21Shares, Fidelity, Franklin Templeton, and Grayscale. These firms are also working to add staking features to their Ethereum ETF offerings. BlackRock’s new initiative could create a more competitive landscape in the Ethereum ETF market, especially with staking becoming more prominent.
Despite recent setbacks in the broader crypto market, BlackRock’s latest filing is seen as a positive sign for Ethereum’s staking ecosystem. Ethereum’s price dipped to around $2,850 before recovering above $3,000, further supporting the growing interest in Ethereum-based financial products.
Ethereum’s price movement is drawing attention from analysts, who view the current level as a key support zone. On-chain data shows retail investors are reducing exposure, while large holders with over 10,000 ETH have been accumulating. This behavior suggests that Ethereum may be testing a cycle bottom.
While BlackRock’s filing is recent, the firm’s focus on Ethereum staking highlights its growing interest in the cryptocurrency sector. With Ethereum’s price recovery and positive on-chain trends, the launch of BlackRock’s staked Ethereum ETF could bolster investor confidence moving forward.
BlackRock’s filing to integrate staking into its Ethereum ETF offering comes at a time when Ethereum’s staking sector is gaining momentum. This move could provide an alternative to the traditional Ethereum ETFs that have seen outflows in recent weeks.
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