Group 1 - BlackRock has filed for a staked Ethereum (ETH) exchange-traded fund (ETF), initiating the review process with the U.S. SEC [1] - The proposed fund, named iShares Ethereum Staking Trust (ETHB), was first indicated in November when BlackRock registered the name in Delaware [2] - This is not BlackRock's first Ethereum ETF; the firm launched the iShares Ethereum Trust (ETHA) in July 2024, but had to remove staking components from earlier filings due to SEC guidance [3] Group 2 - Under new SEC Chair Paul Atkins, the stance on staking appears to be softening, allowing BlackRock and others to amend ETF filings to include staking [4] - The iShares Ethereum Trust (ETHA), which holds approximately $11 billion in ETH, will remain separate from the proposed staked fund [4] - If approved, the staked fund would provide investors with exposure to Ethereum's yield-generating mechanism without the need to stake assets themselves [4]