‼️ BLACKROCK FILES NEW ETF FOR ETHEREUM IN STAKING ‼️ $ETH
BlackRock, the largest asset manager in the world, has filed a statutory trust in Delaware for the iShares Staked Ethereum Trust ETF on Wednesday, signaling the company's intent to launch a yield-generating Ethereum product. The filing, led by BlackRock's managing director Daniel Schweiger, marks an initial step to offer investors exposure to Ethereum along with staking rewards that currently average around 3% per year.
The filing in Delaware does not constitute a formal application to the Securities and Exchange Commission, and BlackRock would still need to submit a registration statement on Form S-1 before the product can be launched. The company declined to comment on a potential timeline. Bloomberg's ETF analyst Eric Balchunas noted that a full filing for the staking fund is "on the horizon".
