BlackRock, the world’s largest asset management company, has applied to register a staked Ether (ETH) cryptocurrency exchange-traded fund (ETF).
The application for the iShares Stake Ethereum Trust ETF was filed yesterday, November 19th, with the Delaware Department of State’s Bureau of Corporations.
This is a necessary preliminary step. Formal filing of an ETF with the U.S. Securities and Exchange Commission (SEC).
In other words, while this is not yet a formal request under the Securities Act of 1933, it clearly paves the way for BlackRock to request approval for a product based on the Ethereum cryptocurrency that can generate revenue.
said Eric Balchunas, senior analyst at Bloomberg Intelligence. BlackRock’s application to launch the iShares Stake Ethereum Trust ETF is expected to be submitted soon.
Remember, in America Several staking Ether-based futures ETFs have been launchedas reported by CriptoNoticias. This from BlackRock could become the first staking ETH spot ETF if approved.
(Tag translation) Altcoin
