BlackRock is eagerly awaiting the green light. The global asset management giant has just registered a new vehicle named iShares Staked Ethereum Trust in the state of Delaware. While seemingly a simple gesture, this move carries significant weight for a market on the edge of its seat for upcoming Ethereum ETFs with staking.
BlackRock registers its Ethereum ETF with Staking
The registration is not yet a formal petition to the SEC. It’s not a filing under the Securities Act of 1933, but a preparatory step that sends a clear message: BlackRock aims to seize the market for staked ETH, one of the most anticipated segments by institutional investors since the surge in Ethereum’s native yield.
A Strategic First Step in the Staking Battle
Behind this move lies a relentless logic. The first ETH Spot ETFs, launched in 2024, were stripped of staking functionality under SEC pressure. The result: a product institutionalized indeed, but deprived of what makes Ethereum post-Merge stand out: an attractive on-chain yield.
The question now is simple: who will be the first to get the green light for a yield-bearing ETH ETF?
VanEck Already in the Race, BlackRock Speeds Up
BlackRock is not acting alone. It joins a list of contenders already hard at work: VanEck set the pace weeks ago with a trust linked to Lido’s staked ETH. Competitive pressure rises. Issuers know that the first to offer a product allowing access to staking returns via an ETF will capture a massive share of institutional flows.
BlackRock‘s move signals that the battle won’t take place in a distant future: players are positioning themselves now, awaiting SEC clarification on the line between “staking-as-a-service” and regulated financial product.
And as the months pass, the market grows increasingly impatient.
A Market Awaiting the Next Impulse
For US institutions, a staking ETH ETF would be a gentle revolution: access to yield, no technical management, secure custody, full compliance. The kind of product capable of triggering a new wave of adoption among traditional funds.
The timing of BlackRock is not coincidental. Between ever-changing regulation and a crypto market seeking a new catalyst, the announcement injects a sense of narrative tension around Ethereum. Investors are aware: every regulatory advancement is scrutinized as a potential source of fresh liquidity.
Toward a New Era for Crypto ETFs?
The message is clear: after Bitcoin and ETH spot ETFs, the next key step will focus on yield. An ETH staked ETF would likely be the most innovative product ever approved in the American ecosystem. And if the titan BlackRock makes its move, it signifies a game-changer.
