The post Ethereum News Today: BlackRock’s Staked Ethereum ETF Sparks 7% Price Rally appeared first on Coinpedia Fintech News
BlackRock has officially filed for a staked Ethereum exchange traded fund. The proposed product, named the iShares Staked Ethereum Trust ETF, would hold Ethereum and earn staking rewards through approved validators.
ETF Will Hold ETH and Capture Staking Rewards
According to the filing, the fund is designed to track the price of Ethereum while also collecting staking yields. The structure excludes leverage, derivatives, and lending. It will operate as a simple, passive investment vehicle. Coinbase Custody will serve as the primary custodian, while Anchorage Digital is listed as an alternative to diversify risk and improve operational security.
The ETF’s shares will trade on Nasdaq under the ticker ETHB once approved. Only authorized participants will be allowed to create or redeem shares in large blocks. The filing also outlines details on custody, staking arrangements, issuance, redemption, and administrative roles.
SEC Review Will Decide Launch Timeline
The ETF will go live only after the United States Securities and Exchange Commission completes its review and declares the registration effective. This filing shows growing institutional demand for Ethereum products, especially those that combine price exposure with staking rewards.
Ethereum Price Rallies
Ethereum has gained more than 7% in the past 24 hours and is now trading near $3,122. Despite the jump, the price is still stuck in a choppy sideways range with no clear breakout. ETH recently hit resistance around $3,165–$3,550 and pulled back, but support between $2,745–$2,917 is still holding.
For now, Ethereum remains trapped between these levels, and experts are watching $3,169 as the point that must break for a stronger upside move. Until then, the market is likely to stay quiet and unclear, with no strong trend in either direction.