BlackRock Files for Spot Ethereum ETF with Staking, Eyes SEC Approval

In a landmark move for the cryptocurrency sector, global asset management giant BlackRock has officially filed with the U.S. Securities and Exchange Commission (SEC) for a spot Ethereum ETF. The proposed iShares Ethereum Trust aims to directly hold Ethereum (ETH) and incorporates a staking feature through third-party providers, potentially allowing investors to earn rewards. This filing follows BlackRock's successful launch of a spot Bitcoin ETF earlier this year and signals growing institutional confidence in Ethereum's ecosystem. Analysts highlight that the inclusion of staking could set a new precedent for crypto-based financial products, offering both exposure and yield. Market observers are now closely watching the SEC's decision timeline, which could pave the way for broader Ethereum adoption in traditional finance.