BlackRock Submits Application for Ethereum ETF as ETH Trends Strongly – Coinpaper
BlackRock has introduced a new staked Ethereum ETF while Ethereum shows signs of a strengthening trend, combining exposure to spot prices with regulated staking yields. This week, the digital currency has received a significant boost, with the announcement of BlackRock’s iShares Staked Ethereum Trust ETF and indicators on lower timeframes suggesting a positive outlook for the cryptocurrency.
The iShares Staked Ethereum Trust ETF was filed by BlackRock with the United States Securities and Exchange Commission, aiming to offer investors exposure to the price of Ethereum as well as staking rewards. This product will complement the existing iShares Ethereum Trust ETF, providing a separate opportunity for investors to benefit from both spot ETH exposure and staking rewards.
According to the S-1 filing, the proposed ETF, which would trade on Nasdaq under the ticker ETHB, will hold Ether in custody and stake a significant portion of those holdings. The trust plans to allocate between 70% to 90% of its Ether to staking during normal market conditions, while maintaining the rest as a liquidity buffer. Coinbase Custody Trust Company will act as the primary custodian, with Anchorage Digital Bank serving as an alternative custodian to diversify operational risk. Staking rewards will be distributed to shareholders periodically after deducting fees.
While the filing has initiated the SEC review process, approval is not guaranteed, and a separate rule-change filing from the listing exchange is still required before a formal decision can be made by regulators. If approved, ETHB would expand BlackRock’s range of crypto products and provide U.S. investors with regulated access to Ethereum’s spot price and on-chain staking yield through a single ETF.
On the lower timeframes, Ethereum’s chart displays an upward trend from support levels, with buyers defending recent dips around the 2,700–2,800 dollar range. The chart indicates a series of higher lows, suggesting a strengthening momentum following a pullback in November. Analysts believe that Ethereum is poised for further upside movement, with potential gains linked to Bitcoin’s performance. A breakout in Bitcoin above the 93,000 dollar mark is expected to boost Ethereum’s momentum, attracting fresh risk appetite.
Additionally, the ETH/BTC pair appears to be stabilizing, indicating a possible shift in relative strength towards Ethereum. If this trend continues, Ethereum may outperform Bitcoin for a period, while spot prices follow the short-term upward trajectory.
Overall, the introduction of BlackRock’s staked Ethereum ETF, combined with positive indicators on lower timeframes, points to increased investor interest in Ethereum and a potentially bullish outlook for the digital currency in the near future.
