BlackRock files Delaware name registration for iShares Staked Ethereum ETF
Quick Take A Delaware name registration is one of the first public signals that a new exchange-traded fund is in the works. Nasdaq submitted an updated 19b-4 filing to add staking to BlackRock’s existing iShares Ethereum Trust (ETHA) in July.
BlackRock appears to be looking to launch a new staked Ethereum fund, according to Delaware name registration on Wednesday.
The iShares Staked Ethereum Trust ETF filing was submitted by the same registration agent, Daniel Schweiger, a BlackRock managing director, who filed the asset manager’s first iShares Ethereum fund in late 2023.
A Delaware name registration is one of the first public signals that a new exchange-traded fund is in the works. According to senior Bloomberg ETF analyst Eric Balchunas, a BlackRock filing for the new iShares ETH staking fund is “coming soon.”
Nasdaq submitted an updated 19b-4 filing to add staking to BlackRock’s existing iShares Ethereum Trust (ETHA) in July. Rival crypto asset managers, including 21 Shares and Grayscale, among others, have also previously submitted proposals to update their Ethereum funds.
ETHA is the largest Ethereum ETF by assets under management, with nearly $11.5 billion in total holdings as of Nov. 17, according to SoSoValue . The fund has seen $165 million in outflows amid a market-wide pullback .
Although the U.S. Securities and Exchange Commission during the second Trump administration has been significantly more permissive in letting more crypto-related exchange-traded products come to market, relatively few funds offering staking rewards have been greenlit.
In October, Grayscale received approval to enable staking for its U.S. Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH) products, becoming the first spot-market funds registered under the Securities Act of 1933 to unlock staking rewards for holders.
In July, REX‑Osprey came to market with a staking Solana ETF using the less common Investment Company Act of 1940. REX-Osprey also unveiled an ETH staking fund via the 1940 Act ETF structure in September.
BlackRock's Head of Digital Assets Robert Mitchnick has previously said he expects the SEC to approve ETH ETF staking as "a next phase."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dell executive: "Agent AI" is different this time, key components (mainly memory and HDD) shortages may last for more than 5 years
Dell Technologies Chief Operating Officer Jeff Clarke stated that proxy AI, by taking on more tasks, continues to drive up computing and storage demands, making this AI infrastructure cycle distinct from traditional hardware upgrade cycles. By 2030, data center computing power is expected to increase by 200 GW, inference token generation will grow 87-fold, and infrastructure demand is likely to continue expanding.
Morgan Stanley Backs Meta (META.US): Muse Ecosystem Continues to Expand, VR Glasses Expected to Become a New Growth Point in 2027
Morgan Stanley maintains an "Overweight" rating on Meta with a target price of $775, and continues to list it as a top pick.
Essay: The Next Step in AI Investment—Who Can Turn Computing Power into Profit?
Meta (META.US) surged 36% in September: Muse validates AI strategy, market cap targets $2 trillion
Meta's stock is on track to achieve its best monthly performance since July 2013, and is only about a 1% increase away from joining the $2 trillion market cap club.
Crypto prices
More
