BlackRock has taken a clear step toward entering the staked ether market, registering the iShares Staked Ethereum Trust in Delaware on Nov. 19. The filing, highlighted by Bloomberg’s Eric Balchunas, marks the asset manager’s initial move toward a potential staked ETH exchange-traded product.
The Delaware registration does not yet constitute a formal submission under the Securities Act of 1933. However, it signals BlackRock’s intention to pursue regulatory approval for a yield-bearing ether ETF once the U.S. Securities and Exchange Commission offers clearer guidance on staking.
BlackRock’s move follows VanEck’s recent registration of a trust linked to Lido’s staked ETH, showing issuers are positioning early ahead of what could become the next competitive frontier in crypto ETFs. Interest is growing as firms anticipate eventual permission to incorporate staking rewards into regulated products.
The first spot ether ETFs launched in 2024 without staking features after the SEC instructed issuers to remove them, arguing that certain staking programs might qualify as unregistered securities offerings. With regulatory interpretation still unresolved, BlackRock’s filing suggests large institutions are preparing for the moment staking integration becomes viable in the U.S. market.
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