Key Takeaways
- BlackRock's new iShares Staked Ethereum Trust ETF will stake 70% to 90% of its Ethereum holdings.
- Staking rewards will be distributed to shareholders, with Coinbase Custody and Anchorage Digital Bank serving as custodians.
BlackRock plans to stake most of its Ethereum holdings through a new exchange-traded fund structure, according to a filing with the Securities and Exchange Commission.
The iShares Staked Ethereum Trust ETF seeks to stake 70% to 90% of its Ethereum holdings under normal market circumstances, the filing shows. The product will hold Ethereum and distribute staking rewards, minus fees, to shareholders at least quarterly.
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