BlackRock has registered for a new Ethereum exchange-traded fund in Delaware, signaling that the $13.5 trillion asset manager is now ready to expand beyond its flagship ETF.
A Delaware name registration is one of the first steps an issuer must take to file for a new ETF. However, other related documents still need to be filed to put the proposed product on track for regulatory approval.
It will also complement BlackRock’s Ishares Ethereum Trust ETF (ETHA), which is attractive $13.1 billion worth of inflows since launching in July 2024. BlackRock has not added staking to its Ethereum product, saying On its website:
“No, the Ishares Ethereum Trust ETF cannot bet on ether at this time. Staking involves complex operations and regulatory issues that currently make it impossible.”
However, in July, they proposed a rule change with the SEC to include staking in Etha, along with other issuers.
The US Securities and Exchange Commissions Under the Trump administration, crypto exchanges are more open to new products, and recently introduced a common standard enabling faster approval, as each application no longer needs to be evaluated on a case-by-case basis.
Bloomberg ETF analyst Eric Balchunas noted that BlackRock’s staked ETH ETF product is registered under the Securities Act of 1933, which requires strong transparency and investor protection measures, as well as full disclosure before shares can be sold to the public.
There are currently around 70 crypto products awaiting regulatory approval, which will be held by the US government shutdown throughout October and November.
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BlackRock’s filing comes as Rex-Osprey and Grayscale launched ETH ETF products in September and October.
Staked ETH ETFs can offer more profitable returns
Integration staking on an ethereum etf The return can be enhanced by adding a fixed yield component on top of the price exposure, thereby transforming the fund into a total-return product.
This can broaden the product’s appeal to Investors who focus on yield who may avoid ETHEREUM ETF products due to their lack of income.
The average annual return on ETH staking is approximately 3.95%, according to in blocknative data.
BlackRock isn’t participating in the Altcoin ETF wave
While other issuers have filed for multiple altcoin-focused ETFs in recent months, BlackRock appears to have shied away, having recently filed a Bitcoin Premium Income ETF in September as a sequel to his iShares Bitcoin Trust ETF.
The Bitcoin Premium Income ETF also aims to generate yield by selling covered call options and collecting premiums.
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