Bitcoin ETF Giant BlackRock Files to Launch Ethereum Staking ETF

Core Viewpoint - BlackRock has filed an S-1 registration statement with the SEC for a new staked Ethereum trust ETF (ETHB), which will track Ethereum's performance and include rewards from staked ETH [1][2]. Group 1: ETF Details - The ETHB trust is described as a passive investment vehicle that aims to track Ethereum's price while staking a portion of its holdings [2]. - The filing follows the establishment of a Delaware statutory trust, a common precursor to ETF filings in the crypto and commodity sectors [2]. Group 2: Market Context - BlackRock previously sought to add a staking component to its existing spot Ethereum ETF (ETHA), but the SEC has delayed a formal decision on this matter [3]. - Despite the introduction of new Ethereum staking ETFs, BlackRock's ETHA remains successful, managing over $11 billion in assets, significantly outpacing competitors like Grayscale [4]. Group 3: Performance Metrics - As of the latest data, BlackRock's iShares Bitcoin Trust ETF (IBIT) is the largest crypto ETF with approximately $70 billion in assets under management [4]. - On recent trading days, IBIT saw a 1% increase while Bitcoin fell by 1%, and ETHA experienced a more than 3% increase as Ethereum remained stable [5].