BlackRock Submits Application for Staked Ether ETF to US Regulator

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The US-based asset management giant BlackRock has filed to list an exchange-traded fund tied to staked Ether, expanding its suite of cryptocurrency-linked offerings for investors.

In a Friday filing with the US Securities and Exchange Commission (SEC), BlackRock submitted a Form S-1 registration statement for its proposed iShares Staked Ethereum Trust. This filing initiates the regulatory review process but does not ensure the product will ultimately receive approval.

Shares of this new fund are intended to trade on the Nasdaq exchange under the ticker symbol ETHB. If approved, it could rank among the first investment vehicles to offer exposure to staked cryptocurrencies. Grayscale Investments previously incorporated staking features into its existing spot Ether trusts last October.

The SEC has been cautious in approving crypto staking funds, even after authorizing spot Ether ETFs in May 2024. Other firms have made similar efforts, including Canary Capital, which filed for a staked Injective product in July, and Grayscale and Bitwise, which launched staking products tied to Solana in October.