The company #BlackRock has submitted an application to the U.S. Securities and Exchange Commission (#SEC ) for the registration of the iShares Staked Ethereum Trust. This is a spot $ETH -ETF with the ability to stake assets.

The product will be traded on the Nasdaq exchange under the ticker ETHB. This is a filing on Form S-1, which is sufficient to initiate the case review by the regulator, but for further market entry, Form 19b-4 is also required.

This is a spot #ETF that will invest directly in Ethereum. The fund's structure also includes the ability to stake the trust's assets, from 70% to 90% under optimal market conditions.

Income from staking may be distributed among the fund's shareholders, but without specifying the manager's premium.

This is BlackRock's fourth cryptocurrency product and the second based on Ethereum. In their view, the company aims to provide investors with choices.

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