BlackRock files for staked Ethereum trust ETF, plans to stake most of its Ethereum holdings

BlackRock has filed with the SEC for a new iShares Staked Ethereum Trust ETF, which plans to stake between 70% and 90% of its held Ethereum under normal market conditions. The ETF will hold Ethereum and distribute staking rewards, net of fees, to shareholders at least quarterly. Coinbase Custody Trust Company will act as the primary custodian, with Anchorage Digital Bank serving as an alternative. The trust may reduce staking if regulatory concerns arise or if it jeopardizes the grantor trust tax status. Shares of the ETF are slated to trade on Nasdaq under the ticker symbol ETHB.

(Source：Crypto Briefing)