- BlackRock has registered the iShares Staked Ethereum Trust ETF, signaling plans to offer a yield-bearing ether product.
- This registration marks an early step toward seeking regulatory approval for the ETF.
- The move follows a similar filing by VanEck related to Lido’s staked ETH.
- U.S. regulators have yet to clarify if staking can be included in ether ETFs.
- Previous spot ETH ETFs launched in 2024 excluded staking due to regulatory concerns.
In Delaware on November 19, BlackRock registered the iShares Staked Ethereum Trust ETF as part of its preparation to offer a staking-based ether (ETH) product. This registration is an initial procedural step and is not a formal application under the Securities Act of 1933. The filing indicates BlackRock‘s intention to seek approval for an ETF that generates yield from staked ether.
This development comes weeks after VanEck registered a similar trust linked to staked ETH via Lido, a popular staking service provider. Both moves position these asset managers for upcoming competition in the market for staking-enabled ether ETFs, contingent on regulatory guidance.
Earlier in 2024, the first wave of spot ETH ETFs started trading in the U.S. without including staking features. The U.S. Securities and Exchange Commission (SEC) had directed issuers to remove staking because it views some staking mechanisms as potentially involving unregistered securities offerings.
Staking in cryptocurrency refers to locking up native tokens to support blockchain operations, often earning rewards or yield, which these ETFs aim to incorporate once regulatory clarity is achieved.
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