#BlackRock , the Giant of Asset Management seeks to add Staking to the ETF of #Ethereum
Revolution in Institutional Crypto Investment with Additional Returns?
#blackRock , the global giant of asset management, is taking a bold step in the Ethereum market by seeking to add the staking feature to its iShares Ethereum Trust (ETHA). This modification, presented through a 19b-4 filing on Thursday with Nasdaq, would allow the fund to earn additional rewards by participating in the validation of transactions on the Ethereum network.
BlackRock's update goes beyond offering simple exposure to #ETH , aiming for the ETF to actively participate in Ethereum's Proof of Stake (PoS) consensus system. If approved, the ETHA could invest a portion of its ETH holdings through trusted staking providers to generate additional yield, locking tokens to secure the network in exchange for regular payments.
BlackRock is not alone in this trend. Other asset managers like Franklin Templeton and Grayscale have also proposed staking features in their Ethereum ETF filings. Although the SEC has postponed its first deadline to make a decision on these proposals and has yet to determine whether staking services offered through an ETF would be considered a securities activity, the inclusion of this feature by BlackRock reflects a growing confidence that staking could eventually become part of cryptocurrency ETFs.