BlackRock moves to add staking to Ethereum ETF amid surge in inflows
The move, disclosed in a filing with the US Securities and Exchange Commission (SEC) on Thursday, follows growing institutional interest in Ethereum staking products and comes amid record-breaking net inflows into ETH ETFs
BlackRock has filed to incorporate staking into its iShares Ethereum Trust (ticker: ETHA), the largest Ethereum exchange-traded fund (ETF) by assets under management.
The move, disclosed in a filing with the US Securities and Exchange Commission (SEC) on Thursday, follows growing institutional interest in Ethereum staking products and comes amid record-breaking net inflows into ETH ETFs.
The filing was submitted by Nasdaq under SEC Rule 19b-4, which national securities exchanges follow to propose new fund structures.
BlackRock is the latest asset manager to pursue staking capabilities for its Ethereum fund, joining a competitive field that includes Grayscale, 21Shares, and others with similar proposals already in the pipeline.
BlackRock’s filing outlines that the trust may stake “all or a portion” of its ETH holdings through one or more trusted staking providers.
The proposal specifies that the ether held by the trust will not be pooled with other entities, nor will the trust assume risk on behalf of others from slashing or network forks.
Coinbase, currently acting as custodian and prime execution agent for ETHA, is expected to serve as the fund’s staking partner.
