BlackRock Registers Staked Ethereum Trust

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

BlackRocks 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 Nvidias 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

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