- BlackRock creates a new Delaware trust that moves its Ethereum ETF plans toward a staking focused structure.
- Staked ETF filings increase across major issuers as firms seek new ways to offer yield on Ethereum holdings.
- Market analysts expect staking ETFs to attract strong inflows and reshape long term Ethereum liquidity.
BlackRock has created a new Delaware trust that signals a clear push toward a staking-based Ethereum ETF. The Delaware Division of Corporations listed the iShares Staked Ethereum Trust ETF on Nov. 19. The filing marks a fresh step in BlackRock’s wider expansion into Ethereum products. The company continues to build structures that prepare its lineup for staking features.
New Filing Builds a Path Toward Staking
The new trust appears as a statutory entity under the Securities Act of 1933. This setup requires detailed disclosures before public offering. The public record does not include product details, yet it confirms the trust’s formation. A Wilmington-based BlackRock managing director handled the registration. He also supervised the iShares Ethereum Trust filing in 2023.
BlackRock must still submit a Form S-1 to the U.S. SEC. The firm has not announced a timeline for that step. Delaware remains a popular base for early ETF filings due to its business laws. Many issuers follow the same pattern when preparing new products. The structure helps streamline early regulatory processes.
Position in BlackRock’s Ethereum Strategy
The new trust aligns with the company’s growing Ethereum roadmap. It now sits alongside ETHA, BlackRock’s spot Ethereum ETF launched in July 2024. ETHA has attracted more than $13 billion in inflows. The fund currently does not stake its Ethereum. However, Nasdaq filed a Form 19b-4 in July 2025 to permit staking within ETHA.
The update aims to address custody risks and slashing concerns. It also focuses on liquidity issues during unstaking. The change would allow ETHA to earn staking rewards. Ethereum staking rewards usually range between 3 and 5%. Issuers must show how they select validators and track rewards. They also need to explain how they manage locked assets. These points remain central in SEC reviews.
ETF Market Sees Rising Interest in Staking Products
Activity across the ETF sector continues to increase. Grayscale secured approval in October to add staking to ETHE and its Mini Trust ETF. These became the first Ethereum funds under the 1933 Act that can earn rewards. Other firms such as Fidelity, 21Shares, Franklin Templeton, and REX-Osprey have filed similar updates. REX-Osprey already operates a staked Solana ETF and launched a staked Ethereum version in September.
Analysts expect strong inflows into staking-enabled products. Estimates place potential new capital between $10 billion and $20 billion by mid-2026. They also expect these products to lock up significant Ethereum amounts. This trend may influence liquidity and long-term supply. Attention now shifts to the possible S-1 submission. That filing would push the new trust closer to a yield-bearing Ethereum ETF.
