New Ethereum Staked ETF Registered by BlackRock

BlackRock, the world's largest asset manager, has filed documents for an Ethereum-based ETF with a staking option, according to publicly available information. The new investment vehicle, named iShares Staked Ethereum Trust, was registered as a statutory trust in Delaware on November 19, according to the Division of Corporations data and statements from Bloomberg analyst Eric Balchunas.

The proposed ETF would complement the existing offering, including the iShares Ether Fund (ETHA), which has accumulated over $13 billion since launch. The initial documentation does not include technical details regarding the product structure or the distribution of staking rewards. The registration process was managed by Daniel Schweiger, BlackRock director in Wilmington, who previously oversaw the creation of the iShares Ethereum Trust in 2023.

To proceed to launch, BlackRock must file Form S-1 with the U.S. Securities and Exchange Commission, in accordance with the Securities Act of 1933, which requires full disclosure of relevant information for investors.

BlackRock's move aligns with a broader industry trend, with other asset managers such as 21Shares, Fidelity, Franklin Templeton, and Grayscale pursuing similar products. Meanwhile, spot Ethereum ETFs have experienced outflows for seven consecutive sessions amid recent market corrections.