BlackRock has registered for a new staked Ethereum exchange-traded fund in Delaware, expanding beyond its flagship Ethereum ETF. The company needs to file additional documents for regulatory approval. BlackRock’s iShares Ethereum Trust ETF has attracted $13.1 billion since launching in July 2024. The SEC under Trump has been more open to crypto products.

BlackRock’s staked ETH ETF registered under the Securities Act of 1933 requires transparency and investor protection. Around 70 crypto products await approval. REX-Osprey and Grayscale launched staked ETH ETFs. Staked ETH ETFs could offer more lucrative returns by incorporating staking to enhance yields for investors.

BlackRock has not joined the altcoin ETF wave, only recently filing a Bitcoin Premium Income ETF. The Bitcoin Premium Income ETF aims to generate yield through covered call options. BlackRock’s move contrasts with other issuers filing for altcoin-focused ETFs. The average annual return on ETH staking is approximately 3.95%.

Read more at Cointelegraph: BlackRock Registers Trust For Staked ETH ETF