BlackRock's Application for a Staked Ethereum ETF

BlackRock Files for a Staked Ethereum ETF

BlackRock has submitted an application for a staked Ethereum ETF. 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. There had previously been resistance against 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.