BlackRock makes a big move by submitting an ETF registration $ETH for new staking to the SEC.

BlackRock previously wanted to add staking features to the existing ETF product $ETH (ETHA) but was delayed multiple times by the SEC. Now, they have filed for a completely new ETF focused on staking with the code ETHB.

There are already a few ETFs $ETH staking like Grayscale's ETHE and REX-Osprey's ESK, but they are just additional features for existing ETH funds.

If approved by the SEC, ETHB will join other very successful digital asset products from BlackRock like ETHA, IBIT, and provide an attractive option for investors.