BlackRock Registers Staked Ethereum Trust – Crypto News – Crypto News
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BlackRock Registers Staked Ethereum Trust – Crypto News

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2 months ago

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Nearly four months after the Securities and Exchange Commission (SEC) acknowledged BlackRock’s filing to permit staking in the firm’s Ethereum ETF, the $10 trillion investment firm has registered a new staked Ethereum Trust.

The iShares Staked Ethereum Trust was incorporated in Delaware today, according to state filings.

Delaware Corporate Registration

BlackRock’s ETHA is the largest Ethereum ETF with more than $13 billion in assets under management (AUM), while the next-largest competitor, Fidelity, holds just $2.5 billion of ETH.

ETH rebounded by 2% on the news, but it is worth noting that the price jump came alongside a broader crypto market bounce following Nvidia’s quarterly earnings report, which sent BTC back above $90,000. ETH is still down 4% on the day despite this relief rally.

ETH Chart - CoinGecko
ETH Chart – CoinGecko

A staked Ethereum ETF would mark BlackRock’s first crypto product to offer yield to its investors, potentially signaling a green light for further staked crypto ETFs from BlackRock and other issuers.

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