Ether (ETH) ETF News: Staked Ethereum ETF (ETHB) Coming From BlackRock
Summary
BlackRock has officially filed an S-1 registration statement with the U.S. SEC for a new staked Ethereum exchange-traded fund called the iShares Ethereum Staking Trust (ETHB). This filing initiates the review process, though a formal deadline for SEC action requires the listing exchange to submit a separate 19b-4 form. This move signals a shift, as the SEC, now under new Chair Paul Atkins, appears to be softening its stance against staking components in ETFs, a feature that was reportedly stripped from previous filings under former Chair Gary Gensler. BlackRock already manages the non-staking iShares Ethereum Trust (ETHA), which holds about $11 billion in ETH. The proposed ETHB fund would allow investors to gain exposure to Ethereum’s yield-generating mechanism without directly managing the staking process themselves.
(Source:CoinDesk)