Which firm filed staked ETH ETF?

TLDR

BlackRock filed for a staked Ethereum ETF called the iShares Staked Ethereum Trust (ETHB) per a recent filing report. See the filing coverage.

1. The filing used a Form S-1 with the SEC for ETHB, a new staked ETH trust. Details in the market report.
2. ETHB would track ETH and add staking rewards from a portion of its holdings. See the ETF explainer.
3. The plan names Coinbase Custody as primary ETH custodian and Anchorage as backup. Reported in the coverage.

Deep Dive

1. Filing Basics

BlackRock submitted a Form S-1 for the iShares Staked Ethereum Trust (ETHB), initiating the SEC review process. This is a separate product from its existing spot ETH ETF and requires the exchanges 19b-4 step to start formal approval timelines. See the filing coverage.

2. What Staked ETF Means

Unlike a simple spot ETH ETF, ETHB would hold ETH and stake a portion of it, aiming to reflect ETHs price plus staking rewards in the funds performance. The sponsor frames this as a passive vehicle that stakes some share of ETH, which may vary over time. See the ETF explainer.

3. Structure and Safeguards

The plan indicates Coinbase Custody as primary ETH custodian, Anchorage Digital as an alternative, and BNY Mellon for cash and administration. The filing describes maintaining unstaked reserves for liquidity and redemptions, targeting 7090% staked under normal conditions. Reported in the coverage.

Conclusion

BlackRocks ETHB filing points to mainstream demand for ETH exposure with staking yield, wrapped in a regulated fund format. Approval remains an SEC process, so the key next steps are the exchanges 19b-4 submission and the regulators review, which will determine timing and final structure.