Blackrock Signals It Is Working On A New Staked Ethereum Trust Etf

BlackRock is now pursuing a new staked Ethereum ETF, offering more lucrative returns, approximately 15 months after launching its flagship ETH fund, ETHA.

BlackRock has registered for a new staked Ethereum exchange-traded fund in Delaware, signalling that the $13.5 trillion asset manager is now ready to expand beyond its flagship Ethereum ETF product.

A Delaware name registration is one of the first steps that a fund issuer needs to take to file for a new ETF. BlackRock, however, still needs to file other relevant documents to put the proposed product on track for regulatory approval.

It would also complement BlackRock’s iShares Ethereum Trust ETF (ETHA), which has attracted $13.1 billion worth of inflows since launching in July 2024. BlackRock did not add staking to its spot Ethereum product, stating on its website:

However, in July, they proposed a rule change with the SEC to incorporate staking into ETHA, along with other issuers.

The US Securities and Exchange Commission under the Trump administration has been more open to new crypto exchange-traded products, and recently introduced a generic listing standard enabling faster approvals, as each application no longer needs to be assessed on a case-by-case basis.

Bloomberg ETF analyst Eric Balchunas noted that BlackRock’s staked ETH ETF product is registered under the Securities Act of 1933, which requires strong transparency and investor protection measures, as well as full disclosure before shares can be publicly sold.

There are currently around 70 crypto products awaiting regulatory approval, which were held up by the US government shutdown across October and November.

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BlackRock’s filing comes as REX-Osprey and Grayscale launched staked ETH ETF products in September and October.

Source: CoinTelegraph