BlackRock Registers Staked Ethereum ETF in Delaware

BlackRock, the world's largest asset manager, has registered a new exchange-traded fund focused on staked Ethereum in Delaware, marking an initial step toward offering investors exposure to the cryptocurrency along with staking rewards. The iShares Staked Ethereum Trust ETF filing occurred on November 19, 2025, according to state records, and represents one of the preliminary procedures required before submitting a formal application to the U.S. Securities and Exchange Commission.

The registration signals BlackRock's intent to expand its cryptocurrency offerings beyond its existing iShares Ethereum Trust ETF, known as ETHA, which launched in July 2024 and has since drawn approximately $13.1 billion in net inflows. ETHA provides direct exposure to Ethereum's spot price but does not currently include staking functionality. In July 2025, BlackRock and Nasdaq, the exchange listing ETHA, proposed a rule change to the SEC to incorporate staking into the fund, allowing it to earn rewards from approved providers. These rewards would be treated as income to the trust, potentially enhancing returns for shareholders.

Staking involves locking up Ethereum to help validate transactions on the...