BlackRock Files With SEC to Include Staking in Ethereum ETF
BlackRock aims to add staking functionality to its spot iShares Ethereum Trust ETF, as revealed in a rules change request filed with the U.S. Securities and Exchange Commission (SEC). By allowing staking, the ETF could earn yields from validating transactions on the Ethereum blockchain. This proposal, submitted by Nasdaq, reflects a broader trend where multiple funds, including those from Fidelity and Grayscale, are seeking to incorporate staking. The SEC is expected to make a decision on related filings in October, and analysts anticipate potential approval for BlackRock's request by late 2025. Staking's inclusion remains controversial, raising concerns about security and market manipulation, but it is seen as a way to enhance returns. If approved, the revised prospectus would indicate that staking rewards would contribute to the Trust's income, marking a significant shift in how these funds operate.
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