BlackRock officially files for Staking Ethereum ETF with the SEC

Source: BlockMedia Original Title: BlackRock Officially Submits Staked Ethereum ETF to SEC Original Link: https://www.blockmedia.co.kr/archives/1016788 The world’s largest asset manager, BlackRock[image]BlackRock(, has officially submitted a staked Ethereum)ETH( exchange-traded fund)ETF( to the U.S. Securities and Exchange Commission)SEC(. The ETF is expected to operate by holding Ethereum and earning staking rewards through approved validators.

BlackRock’s ETF was registered in Delaware last November under the name ‘iShares Ethereum Staking Trust)ETHB(’. Last Friday, BlackRock entered the official review process by submitting the S-1 registration statement to the SEC under the name iShares Staked Ethereum Trust ETF)ETHB(. According to SEC regulations, the review begins upon submission, and the official approval timeline for the ETF’s listing starts when the exchange seeking to list the ETF files a separate Form 19b-4.

BlackRock’s ETF Structure Excludes Leverage and Lending

According to the submitted documents, the fund aims to track the price of Ethereum and collect staking yields, operating as a simple and passive investment product by excluding leverage, derivatives, and lending. Coinbase Custody has been designated as the primary custodian, with Anchorage Digital serving a secondary role for security and risk diversification.

If approved, the ETF will begin trading on Nasdaq)Nasdaq( under the ticker ETHB, with large block creation and redemption allowed only for authorized participants. The documents detail the custody method, staking structure, issuance and redemption process, and administrative roles. BlackRock clarified that this new fund is separate from its existing ‘iShares Ethereum Trust)ETHA(’, making a clear distinction between products.

ETHA currently holds approximately $11 billion)16조1,645억원( worth of Ethereum and is not affected by the staked version. If the staked ETF is approved, investors will have the opportunity to participate in Ethereum’s yield-generating mechanism without staking assets directly themselves.

Ethereum ETF Sees Decline in First Week of December

In the first week of December, Ethereum and Bitcoin exchange-traded funds experienced significant sell-offs. The Ethereum ETF saw $75.21 million in outflows over the week, with BlackRock’s ETHA accounting for most of the decline. BlackRock’s net inflow amount is currently reported at $12.88 billion.

In contrast, Bitcoin ETFs showed positive movement, recording net inflows of about $54.79 million. Of twelve Bitcoin ETFs, five saw inflows, and one saw outflows. Notably, BlackRock recorded a negative flow of $32.49 million in its Bitcoin ETF, while Ark&21Shares and Fidelity rebounded with inflows of $42.79 million and $27.29 million, respectively.

Ethereum Price Up 13%

Over the past seven days, the price of Ethereum has risen by over 14%. Ethereum is currently trading at $3,125)약459만원(.