BlackRock Files for Staked Ethereum ETF as Industry Competition Intensifies
BlackRock registered an iShares Staked Ethereum Trust ETF in Delaware on November 19, signaling its transfer to seize yield-focused institutional demand.
The submitting arrives as regulatory modifications and new competitor merchandise reshape the crypto exchange-traded fund (ETF) area. Although BlackRock’s registration is a key milestone, additional paperwork are required for the proposed fund to hunt regulatory approval.
BlackRock Enters Staked Ethereum Race Amid Regulatory Shift
The $13.5 trillion asset manager’s registration in Delaware is a typical early step for ETF issuers. This setup comes earlier than formal filings with regulators.
In a submit on X, Bloomberg ETF analyst Eric Balchunas highlighted that BlackRock’s staked ETH ETF is registered underneath the Securities Act of 1933.
Earlier within the yr, BlackRock sought so as to add staking to its iShares Ethereum Trust (ETHA). Nasdaq, the trade that lists ETHA, submitted an amended 19b-4 submitting to the SEC in July 2025.
The SEC has, previously, shown reluctance toward greenlighting ETFs that contain staking. Nonetheless, the regulatory outlook for crypto ETFs has improved.
In September 2025, the SEC approved generic listing for crypto ETFs. This eliminated the earlier want for particular person SEC evaluations of every ETF. These modifications have made product launches much faster for compliant offerings.
Meanwhile, this step positions BlackRock to compete instantly with different asset managers, who’re additionally trying to introduce staked Ethereum merchandise. Notably, some have gained first-mover benefits within the staked Ethereum ETF market.
REX-Osprey launched ESK, providing publicity to Ethereum and staking rewards, on September 25, 2025. The fund distributes month-to-month staking rewards to investors after charges.
“REX-Osprey, a strategic collaboration between REX Shares and Osprey Funds, as we speak introduced the launch of ESK, the REX-Osprey ETH + Staking ETF, the primary 1940 Act US-listed ETF to offer buyers publicity to Ethereum (ETH) plus staking rewards,” the agency wrote.
In October, Grayscale also enabled staking in its Ethereum and Solana ETFs. The firm’s merchandise combine rewards into the fund’s internet asset worth to reinforce tax effectivity.
Unlike its different opponents, BlackRock has restricted its crypto ETF lineup to Bitcoin and Ethereum. The agency’s management cites market measurement, liquidity, and institutional demand as key factors in its decision-making process.
This selective technique has to date yielded sturdy outcomes. SoSoValue data reveals iShares Ethereum Trust (ETHA) has cumulative internet inflows of $13.09 billion and internet property of $11.47 billion. ETHA additionally reached $1 billion in AUM inside its first two months.
BlackRock’s Bitcoin ETF, IBIT, has carried out even higher. The fund’s cumulative internet inflows stand at $63.12 billion, with $72.76 billion in present property, putting it within the prime spot amongst Bitcoin ETFs.
The coming months will present whether or not BlackRock’s measured enlargement can reclaim market share from early staked Ethereum ETF movers. With regulatory limitations lowered and opponents capturing property, execution and timing will determine the success of BlackRock’s newest crypto product.
The submit BlackRock Files for Staked Ethereum ETF as Industry Competition Intensifies appeared first on BeInCrypto.
