BlackRock indicates it is developing a new ETF for staked Ethereum trust.

BlackRock's New ETF Registration: BlackRock has registered for a new staked Ethereum exchange-traded fund (ETF) in Delaware, indicating its intention to expand beyond its existing Ethereum ETF product, the iShares Ethereum Trust ETF (ETHA), which has seen significant inflows since its launch.

Staking and Regulatory Approval: While BlackRock's current Ethereum ETF does not include staking due to operational complexities, the firm has proposed a rule change to the SEC to incorporate staking, which could enhance returns and attract yield-focused investors.

Market Context: The SEC has become more accommodating towards new crypto ETFs, with around 70 products awaiting regulatory approval, although the process has been delayed due to the US government shutdown.

BlackRock's Focus on Bitcoin: Unlike other issuers pursuing altcoin ETFs, BlackRock has primarily focused on Bitcoin-related products, recently filing for a Bitcoin Premium Income ETF aimed at generating yield through covered call options.