The world's largest asset manager BlackRock has officially submitted its application for the iShares Ethereum Staking Trust (ETHB), which is a significant step towards bringing on-chain staking yields to traditional investors. Key points: ▪ BlackRock has filed an S-1 with the SEC, initiating the review process. ▪ The ETF will provide direct exposure to Ethereum staking rewards without requiring users to put their assets at risk. ▪ This has emerged as the SEC's position under new Chair Paul Atkin, following previous restrictions under Gary Gensler. ▪ BlackRock already runs the $11B iShares Ethereum Trust (ETHA), but the new product will be distinct, specifically dedicated to staking. ▪ Multiple issuers, including BlackRock and VanEck, are now re-filing products with staking features as regulatory tone softens. 👉 Keep in mind: Filing initiates the SEC's review process, but the official clock for approval or denial will not start until the fund's listing exchange submits its separate 19b-4 form.

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