- The trust was established on November 19 under the Securities Act of 1933.
- Filing an S-1 with the SEC would be required before any product is brought to market.
- ETHA, BlackRock’s spot Ethereum ETF, has attracted more than $13 billion in inflows.
BlackRock has taken another step toward a staking-focused Ethereum ETF by forming a new statutory trust in Delaware, signaling fresh movement in the fast-growing market for yield-generating crypto products.
The trust, named iShares Staked Ethereum Trust ETF, was officially established on November 19, according to state records.
While the filing does not contain product documents, it contributes to the industrywide shift toward staking features in regulated ETFs.
This move positions BlackRock to explore yield-oriented structures as competitors such as Grayscale, Fidelity, 21Shares, Franklin Templeton and REX-Osprey advance their own staking plans among major digital-asset funds.
Delaware trust extends BlackRock’s Ethereum plans
The new trust was registered under the Securities Act of 1933, which requires full disclosure before any product is offered to investors.
This registration is primarily a preliminary step rather than a full submission to the U.S. Securities and Exchange Commission.
To proceed, BlackRock would still need to file an S-1 form, and the company has not provided a timeline.
Delaware remains a preferred jurisdiction for early-stage ETF formation because of its legal framework, and BlackRock has often used the same route when preparing digital-asset products.
Link to BlackRock’s Ethereum ETF strategy
The trust now sits alongside ETHA, BlackRock’s spot Ethereum ETF, which launched in July 2024.
ETHA has attracted more than $13 billion in inflows and currently does not stake its holdings.
In July 2025, Nasdaq filed a 19b-4 rule change to allow ETHA to stake ETH with approved validators.
If approved, that update would introduce staking rewards while requiring detailed disclosures about custody arrangements, risk mitigation, validator selection and handling of locked ETH.
Ethereum staking rewards typically range from about 3% to 5% annually, and issuers must explain how they will track, calculate and distribute those rewards.
Growth of staking-focused ETFs
BlackRock’s step comes as the broader ETF market accelerates toward staking-enabled products.
Grayscale received approval in October 2025 to introduce staking within ETHE and its Mini Trust ETF, becoming among the first 1933 Act Ethereum funds permitted to earn staking rewards.
Other issuers, including Fidelity, 21Shares, Franklin Templeton and REX-Osprey, have filed similar plans.
REX-Osprey already operates a staked Solana ETF and launched a staked Ethereum version in September.
Robert Mitchnick, BlackRock’s head of digital assets, said staking features across ETFs could attract $10 billion to $20 billion by mid-2026.
Market observers now view a potential S-1 filing from BlackRock as the next catalyst that would move the new trust closer to becoming a yield-bearing Ethereum ETF.
Rising market interest in Ethereum staking
ETF analysts say expanded staking options could lock up a significant amount of ETH in regulated products, affecting liquidity and long-term supply.
The combination of new filings, revised fund structures and rising capital inflows has created a competitive race among issuers.
BlackRock’s new trust adds another step in that process, underscoring how institutional demand for Ethereum staking continues to reshape the ETF landscape.