Overview
- Delaware Division of Corporations records show the iShares Staked Ethereum Trust ETF was formed on Nov. 19, a routine early step that is not a formal SEC application.
- BlackRock would still need to file a Form S-1 with the SEC before any shares could be offered, and the firm has not provided a timeline or product details.
- The registration places BlackRock alongside issuers pursuing staking features, following Grayscale’s October approval to add staking and REX-Osprey’s late-September launch of a combined spot-and-staking ETH ETF.
- BlackRock’s existing spot ETH fund (ETHA) has attracted more than $13 billion and does not stake; a July 2025 Nasdaq 19b-4 proposed enabling staking before the SEC adopted generic crypto ETP listing standards.
- Integrating staking would add a yield component typically in the 3%–5% range and will require disclosures on validator selection, custody segregation, liquidity when unstaking, slashing risk, and reward accounting.