Highlights
Nasdaq has added to the raft of applications on the SEC’s desk seeking staking functionalities for crypto exchange-traded funds (ETFs) with a new filing. However, experts are predicting a winding application process for the BlackRock Ethereum ETF staking application, with a tentative date in Q4 2025.
Nasdaq has filed a proposal with the US SEC to amend its iShares Ethereum Trust (ETHA) to introduce staking functionalities. According to the filing, Nasdaq is seeking to eliminate a clause barring the staking of the ETF’s assets and inserting a new clause to permit the action.
Several asset managers have filed similar staking applications with the SEC, but the timing of Nasdaq’s application is noteworthy. The latest filing comes after the SEC approved its pioneering staking ETF – the REX-Osprey Solana Staking ETF, signaling a changing stance by the securities regulator.
“The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s ether through one or more trusted staking providers,” read the filing.
If approved, the BlackRock Ethereum ETF will earn staking rewards and redistribute the earnings to shareholders. The filing reveals that an approval will improve the creation and redemption processes, with Coinbase primed to be the ETF’s staking partner of choice.
Bloomberg analyst James Seyffart revealed on X that, given the timing of the BlackRock filing, a final deadline will be in April 2026. However, Seyffart remarks that approval for staking can come in as early as the last quarter of 2025.
Ethereum ETFs are posting impressive numbers, racking up the highest-ever daily inflows since launch. Over the last day, Ethereum ETFs inflows reached $726 million, led by BlackRock’s Ethereum ETF with $499 million and Fidelity’s FETH with $113 million.
The glowing numbers are not a flash in the pan but are reflective of the growing institutional interest in the second-largest cryptocurrency. Ethereum ETFs recorded their best week with $907 million in inflows, keeping pace with a weekly rally for the asset.
Ethereum currently trades at $3,432, rising by 21.54% in the last 24 hours. Apart from growing institutional interest, Ethereum treasury companies are gobbling ETH in frenetic fashion, driving prices toward the $3,500 mark.
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