BlackRock Moves to Integrate Ethereum Staking into Institutional Offerings
The post BlackRock Moves to Integrate Ethereum Staking into Institutional Offerings appeared on BitcoinEthereumNews.com.
BlackRock registered the iShares Staked Ethereum Trust in Delaware, SEC acknowledgment of Nasdaq’s plan to add staking to BlackRock’s existing ETH ETF would let the fund stake held ETH and pass rewards directly to investors once fully approved BlackRock has registered its iShares Staked Ethereum Trust in Delaware, an important step forward for staking-type crypto investment products. Bloomberg analyst Eric Balchunas noted that the registration could soon lead to a formal filing under the Securities Act of 1933. BlackRock has previously gone through the same process for both its spot Bitcoin and Ethereum exchange-traded funds, both of which generated significant investor interest once the SEC recognized them. The recent development comes shortly after the Securities and Exchange Commission acknowledged Nasdaq’s proposal to add staking functionality to BlackRock’s already existing Ethereum ETF structure. The regulator did not give a final approval in September, but allowed the process to go on as the regulatory frameworks for digital assets are changing. In fact, by allowing the fund to do so, BlackRock will be able to stake the Ethereum that the fund holds, thus earning on-chain rewards that would be given directly to the investors. The regulatory push goes hand-in-hand with the SEC’s decision to remove the 19b-4 filing requirement for crypto exchange-traded products that comply with new listing standards. The change may speed up the green lights that are needed for the launch of financial products related to staking, thus allowing a wider audience to access the Ethereum-based yield through conventional investment vehicles. In this regard, BlackRock’s Head of Digital Assets, Robert Mitchnick, referred to staking sanctions as the subsequent natural step of Ethereum ETF evolution. Market Reflects Rising Demand for Staking Exposure These competitors, including 21Shares, Fidelity, and Franklin Templeton, have already taken a step ahead by submitting similar filings for the…
