BlackRock to launch Staked Ethereum ETF as fourth crypto product
Asset manager BlackRock wants to launch a Staked Ethereum (ETH) ETF, according to a registration statement filed with the Securities and Exchange Commission (SEC) on Friday.
The move comes after it registered the product’s name in Delaware last month, a typical step that often precedes an SEC filing.
BlackRock plans to use third-party staking providers
The iShares Staked Ethereum Trust ETF, with the ticker ETHB, plans to launch on Nasdaq, providing investors with exposure to ETH’s price and staking yields. BlackRock is looking to stake about 70% to 90% of the Trust’s holdings “under normal market circumstances.”
The filing notes that the Trust will not manage its own staking program but will, through its custodian, allocate its validation…
