BlackRock registers iShares Staked Ethereum Trust ETF in Delaware
Summary
BlackRock's iShares has registered the iShares Staked Ethereum Trust ETF in Delaware, indicating an expansion of its cryptocurrency offerings to include Ether staking rewards within a regulated ETF structure. This registration follows a previous Nasdaq filing concerning staking for BlackRock's iShares Ethereum Trust (ETHA). While the SEC has recently streamlined listing requirements for crypto ETPs, removing the need for specific 19b-4 filings, BlackRock is joining other major firms like 21Shares, Fidelity, Franklin Templeton, and Grayscale in seeking to incorporate staking into their proposed Ethereum ETFs. Staking rewards are anticipated to be classified as income, similar to the structure seen in the first US Ethereum staking ETF, REX-Osprey ETH + Staking ETF.
(Source:Crypto Briefing)