Which staked ETH ETF got filed?

TLDR

BlackRock filed for the iShares Staked Ethereum Trust ETF (ETHB), a staked ETH fund seeking SEC approval iShares Staked Ethereum Trust ETF.

1. The filing is an S-1; a 19b-4 by the exchange is still required to start the SEC clock SEC process overview.
2. The fund plans to stake roughly 7090% of ETH with a liquidity sleeve to manage redemptions staked allocation detail.
3. Custody is led by Coinbase Custody, with Anchorage as backup and BNY Mellon for cash custodian setup.

Deep Dive

1. What Was Filed

BlackRocks proposed ETHB aims to track ETH price and add staking rewards by passively staking a large portion of its holdings. It is structured as a trust ETF listed on Nasdaq if approved CoinDesk filing summary.

• The prospectus indicates a target staking range of 7090% in normal conditions, with an unstaked liquidity sleeve to handle redemptions allocation and liquidity.
• ETH custody is with Coinbase Custody, Anchorage is an alternative, and BNY Mellon handles cash custody details.

2. SEC Process and Timing

The submission is an S-1 registration. To trigger the formal SEC approval or denial timeline, the listing venue must also file a 19b-4 rule change request process and timing.

• Prior SEC leadership asked issuers to strip staking from ETH ETFs; reporting suggests posture may have softened recently, which is why a dedicated staked product is being pursued rather than retrofitting existing funds context on stance shift.

3. Why It Matters

A staked ETH ETF could bring on-chain yield to mainstream portfolios and broaden ETH exposure beyond price-only products.

• ETHB is positioned alongside BlackRocks spot ETH fund, explicitly offering staking yield for investors who prefer a traditional vehicle market positioning.
• Risks noted include validator issues, withdrawal delays, and potential slashing, which can affect distributions and tracking error compared with pure spot ETH exposure risk framing.

Conclusion

The staked ETH ETF filing is the iShares Staked Ethereum Trust ETF (ETHB). If the exchange submits 19b-4 and the SEC ultimately approves, ETHB could offer regulated access to staking yield. The upside is simpler, scalable exposure; the trade-off is operational and regulatory risks that could impact yield, tracking, and timing versus direct on-chain staking.