BlackRock is now in the race to launch a staked Ethereum ETF, registering the iShares Staked Ethereum Trust ETF in Delaware on November 19, according to a state filing highlighted by Bloomberg's Eric Balchunas.
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Although the registration is just an early step and has not yet led to a formal filing under the Securities Act of 1933, it signals that the world's largest asset manager is preparing to seek approval for its high-yield Ether product.
BlackRock's move comes weeks after VanEck registered a similar trust related to Lido's staking ETH, positioning the issuer to enter the next phase of competition once regulators clarify whether staking can be included in U.S. ETFs.
The first wave of Spot ETH ETFs launched in 2024 without staking after the SEC directed issuers to strip this feature, citing the view that certain staking services may qualify as offerings of unregistered securities.
