$ETH BlackRock Files Registration Application for iShares Staked Ethereum Trust ETF

BlackRock, one of the largest asset management companies in the world, has just submitted an application to the SEC for the launch of the iShares Staked Ethereum Trust ETF.

This is BlackRock's fourth cryptocurrency ETF product, following Spot BTC, Spot ETH, and a BTC interest fund. This new ETF proposes the use of a Staking mechanism, where BlackRock will use ETH to secure the network and earn rewards, which will then distribute interest (3 to 4% APY) to investors.

Holding ETH without participating in Staking is like holding cash under a mattress instead of a savings account. This ETF unlocks Native Ethereum Yield for institutional investors.

If approved, the launch of the Staking ETF will be a significant step in helping Ethereum become a Technology Bond with both capital appreciation and periodic dividends. This could be a key factor pushing the price of ETH higher.

The question is whether the SEC will approve the Staking ETF, ushering in an era of mainstream ETH Yield?

Note that the information above is for reference only and does not constitute investment advice. Please do your own thorough research before making any investment decisions.

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