BlackRock has taken a significant step toward launching a new staked Ethereum exchange-traded fund (ETF) by filing a Delaware name registration for the iShares Staked Ethereum Trust ETF on November 19, 2025. The registration was submitted by Daniel Schweiger, a BlackRock managing director who also handled the firm's initial iShares Ethereum fund filing in late 2023, signaling that an official SEC submission under the Securities Act of 1933 is imminent.
According to senior Bloomberg ETF analyst Eric Balchunas, a BlackRock filing for the new iShares ETH staking fund is coming soon, with the Delaware registration typically serving as the final step before public regulatory review. This move expands BlackRock's crypto ETF push, following its existing iShares Bitcoin and Ethereum ETFs, and would be the company's first fund specifically tied to staked ETH, enabling institutional investors to access staking rewards without managing validator infrastructure.
The development comes amid growing interest in yield-bearing digital assets, with Nasdaq submitting an updated 19b-4 filing in July to add staking to BlackRock's existing iShares Ethereum Trust (ETHA). ETHA is the largest Ethereum ETF by assets under management, holding nearly $11.5 billion as of November 17, though it has experienced $165 million in outflows during a market-wide pullback.
Rival asset managers, including 21 Shares and Grayscale, have previously submitted proposals to update their Ethereum funds, with Grayscale receiving approval in October to enable staking for its U.S. Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH). Additionally, REX-Osprey launched a staking Solana ETF under the Investment Company Act of 1940 in July and unveiled an ETH staking fund in September, highlighting a broader industry trend.
While the SEC under the second Trump administration has been more permissive toward crypto-related ETFs, few staking reward funds have been greenlit. BlackRock's Head of Digital Assets, Robert Mitchnick, has expressed expectations that ETH ETF staking will be approved as a next phase. Once BlackRock submits its formal application, the regulatory review process could take several months, but the registration confirms the company's commitment to expanding staking-based crypto offerings.
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