BlackRock, the world’s largest asset management company, has applied to launch a staked Ether (ETH) exchange traded fund (ETF).
This S-1 registration statement begins the U.S. Securities and Exchange Commission (SEC) evaluation process.
However, by the time the SEC’s formal determination period begins, the exchange on which the product will be listed must file its own Form 19b-4.
In documents filed with the SEC, It has been revealed that this financial product will be listed on Nasdaq under the ticker ETHB..
BlackRock’s efforts to launch this ETFs that generate returns will be released at the end of NovemberWhen he registered the name in Delaware, CriptoNoticias reports.
Although this action signaled his intentions, it did not result in a formal filing with the SEC.
It’s worth clarifying that this is not BlackRock’s first Ether ETF. The company launched iShares Ethereum Trust (ETHA) in July 2024. Gary Gensler’s SEC did not approve these financial products to include staking.
The agency had argued that this type of service could violate regulations. Specifically, the SEC asserted that staked ETH could be considered an unregistered security (safety) and explained his cautious stance towards these products.
(Tag translation) Altcoin
