NewsletterBreaking: BlackRock’s Ethereum ETF Staking Proposal Advances As SEC Acknowledges Filing
Highlights
- The US SEC has acknowledged Nasdaq's filing for staking functionalities in BlackRock's spot Ethereum ETF.
- Several issuers are angling for the SEC to approve their staking applications for crypto ETFs.
- However, Bloomberg analysts are tipping the securities watchdog to approve staking before the end of the year.
The US Securities and Exchange Commission (SEC) has formally acknowledged a Nasdaq filing to allow staking in BlackRock’s Ethereum ETF. The acknowledgment launches a public consultation into the suitability of the filing as experts eye an approval by the end of the year.
SEC Confirms Staking Filing For BlackRock’s Ethereum ETF
According to an SEC document, the Commission has accepted the filing seeking to introduce staking capabilities on BlackRock’s Ethereum ETF. If approved, the fund will stake all or part of its Ethereum holdings, with rewards given to shareholders.
Flowing from the SEC’s acknowledgement, interested parties have a 21-day window to submit comments on the suitability of the proposed rule change to the securities watchdog. The SEC now has up to 90 days to approve or disapprove the application, or designate a longer time for consideration.
In mid-July, Nasdaq filed to include staking in BlackRock’s Ethereum ETF amid reports of the SEC’s softening stance toward the feature. At the time, Nasdaq argued that the proposed change is consistent with US securities law and will remove impediments while protecting investors. The filing also noted that staking will improve the redemption and creation process and help track returns.
Bloomberg analyst James Seyffart, in an X post, has tipped the SEC to greenlight staking functionality for Ethereum ETFs by the end of the year. However, the timeline for BlackRock’s ETF staking application can drag to April 2026 with the SEC dealing with a flurry of staking amendments.
The Rex-Osprey Solana Staking ETF has added steam to optimism that the SEC will approve staking for funds in the near future. Amid the enthusiasm, Ethereum staking interest has reached a one-year high with treasury companies staking all their ETH holdings.
However, recent moves by the US SEC are pointing to a cautious stance by the regulator. In early July, the SEC delayed staking for the Bitwise Ethereum ETF, dashing hopes of a near-term approval.
While shareholders await the SEC’s decision, BlackRock’s Ethereum ETF is inching toward the 3 million ETH milestone. At press time, Ethereum is trading at $3,771 with a market capitalization of $461 billion.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- December Recovery Ahead? Coinbase Outlines Why Crypto Market May Rebound
- Peter Brandt Hints at Further Downside for Bitcoin After Brief Rebound
- $1.3T BPCE To Roll Out Bitcoin, Ethereum and Solana Trading For Clients
- Why is the LUNC Price Up 70% Despite the Crypto Market’s Decline?
- CoinShares Fires Back at Arthur Hayes, Dismisses Fears Over Tether Solvency
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
