BlackRock’s Ethereum ETF Staking Proposal Advances As SEC Acknowledges Filing

The US Securities and Exchange Commission (SEC) has formally acknowledged a Nasdaq filing to allow staking in BlackRock’s Ethereum ETF. The acknowledgment launches a public consultation into the suitability of the filing as experts eye an approval by the end of the year.

SEC Confirms Staking Filing For BlackRock’s Ethereum ETF

According to an SEC document, the Commission has accepted the filing seeking to introduce staking capabilities on BlackRock’s Ethereum ETF. If approved, the fund will stake all or part of  its Ethereum holdings, with rewards given to investors.

Flowing from the SEC’s acknowledgement, interested parties have a 21-day window to submit comments on the suitability of the proposed rule change to the securities watchdog. The SEC now has up to 90 days to approve or disapprove the application, or designate a longer time for consideration.

In mid-July, Nasdaq filed to include staking in BlackRock’s Ethereum ETF amid reports of the SEC’s softening stance toward the feature.

This is a developing story.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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