BlackRock, NYSE push for staked ETH ETFs – Why it matters
The post BlackRock, NYSE push for staked ETH ETFs – Why it matters appeared on BitcoinEthereumNews.com.
BlackRock and NYSE Arca push for ETH ETF staking, aiming to boost returns and attract institutional investors. Recent staking data shows increased participation, with Kraken and Blockdaemon leading deposit growth while Coinbase sees outflows. The demand for Ethereum[ETH] staking is rising, fueled by growing institutional interest and regulatory advancements. BlackRock has voiced its support for staked ETH ETFs, emphasizing their potential to enhance returns for investors. Simultaneously, NYSE Arca has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to allow staking for Bitwise’s Ethereum ETF. With Ethereum staking trends shifting, the landscape of ETH investment products is evolving rapidly. BlackRock’s take on staked ETH ETFs BlackRock’s Digital Assets Head, Robbie Mitchnick, recently stated that while the firm’s ETH ETF is a success, it remains “less perfect” without staking capabilities. He highlighted that staking provides additional yield and aligns with Ethereum’s proof-of-stake model. Mitchnick believes that unlocking staking in ETFs could be a game-changer, attracting a broader investor base. However, he also acknowledged the challenges of implementing staking within the ETF structure due to regulatory constraints and operational complexities. NYSE Arca’s proposal for staking in Bitwise’s Ethereum ETF NYSE Arca has taken a step forward by filing a request with the SEC to incorporate staking into the Bitwise Ethereum ETF. If approved, this would significantly shift how ETH ETFs function, allowing them to generate staking rewards and potentially enhance investor returns. The SEC’s decision will be closely watched, as it could influence how other crypto-based ETFs are structured in the future. Ethereum staking trends: Analyzing the data Recent data highlights significant shifts in ETH staking dynamics. According to data from Dune Analytics, Kraken and Blockdaemon have led the growth in staking deposits over the past month, while Coinbase has experienced the most substantial outflows. Source: DuneAnalytics This divergence reflects…
Filed under: News - @ March 22, 2025 11:16 am