BlackRock's Application for a Staked Ethereum ETF

BlackRock Applies for Staked Ethereum ETF

BlackRock has filed for a staked ETF for Ethereum. This step marks the company's first official move towards SEC approval. The application reflects a change in SEC policy under the new Chairman Paul Atkins. Previously, there had been resistance to staking features.

BlackRock's existing Ethereum fund holds approximately 11 billion dollars worth of Ethereum. However, this new ETF aims to provide investors with a separate staking opportunity.