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BlackRock Registers iShares Staked Ethereum Trust ETF in Delaware

BlackRock Registers iShares Staked Ethereum Trust ETF in Delaware

BlackRock’s registration of a staked Ethereum trust in Delaware marks an initial step toward a yield-bearing crypto ETF, as issuers await U.S. regulatory guidance on staking inclusion.

ETH

Fact Check
The evidence strongly supports the truthfulness of the statement. Multiple independent sources with high relevance and moderate-to-high authority corroborate the key claims. Specifically, a crypto-focused news outlet directly reports that BlackRock registered an 'iShares Staked Ethereum Trust ETF' in Delaware. This is further supported by several other news articles (in different languages) that confirm the registration of an 'iShares Ethereum Trust' entity in Delaware. The most compelling piece of evidence is the reference to an S-1 filing from the SEC EDGAR database, which is a primary source confirming the formation of a Delaware corporation related to an Ethereum securities offering. There are no contradictions among the relevant sources; the sources with low relevance and authority do not pertain to the claim and can be disregarded. The consistency across primary and secondary sources provides high confidence that BlackRock did indeed make a filing in Delaware for an Ethereum-based ETF that includes a staking component.
Summary

BlackRock has registered the iShares Staked Ethereum Trust ETF in Delaware as an initial move toward a staking-based Ethereum ETF. The filing, dated November 19, 2025, is a preliminary registration and not yet a formal application under the Securities Act of 1933. This development follows VanEck’s similar registration tied to Lido’s staked ETH, with both asset managers positioning for future competition pending SEC guidance on staking in ETFs. The first U.S. spot ETH ETFs, launched in 2024, excluded staking after SEC objections. The new trust signals BlackRock’s intent to expand its Ethereum product line with yield-generating features once permitted.

Terms & Concepts
  • Staking: The process of locking cryptocurrency to support blockchain network operations and earn rewards.
  • Ethereum ETF: An exchange-traded fund designed to provide investors with exposure to Ethereum’s market performance without directly holding the cryptocurrency.