BlackRock submits application to establish ETF $ETH for new Staking with SEC

🟢 BlackRock is expanding its strategy by registering a new ETF #Ethereum Staking with the code $ETHB.

🟢 The goal of $ETHB is to help investors earn staking yields $ETH without needing to hold or operate a wallet themselves.

🟢 Previously, BlackRock wanted to add staking to the $ETHA fund, but the SEC's approval process took too long, so they switched to establishing a new fund for more flexibility.

🟢 $ETHB is specifically designed from the ground up, unlike other funds that only add staking features to existing funds.

🟢 If approved, $ETHB will be added to BlackRock's crypto product suite alongside $IBIT and $ETHA, expanding options for traditional investors.

ETH
ETHUSDT
3,365.44
-0.13%