BlackRock moves to add staked Ethereum ETF with fresh SEC filing

BlackRock, the world's largest asset manager, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for the iShares Staked Ethereum Trust ETF. This move follows a recent name registration filing in Delaware and signals an impending SEC review. The proposed ETF aims to track the performance of ether's price along with rewards generated from staking a portion of the Trust's ether, provided the sponsor deems it free of undue legal or regulatory risk, particularly concerning U.S. federal income tax qualification. This development occurs as other issuers, like Grayscale and Fidelity, have already incorporated staking into their existing or new crypto ETFs, including those for Ethereum and Solana. BlackRock's existing spot ether fund, ETHA, is currently the largest of its kind with approximately $17 billion in assets under management.

(Source：The Block)