Nasdaq presented a proposal to the United States Stock Exchange and Securities Commission (SEC) to modify the rules that govern the ETF of Ethereum managed by Blackrock, known as Ishares Ethereum Trust (ETHA).
If the regulator approves the order, the fund may perform staking with part or all of the ETHER (ETH) under its custody. This mechanism would allow investors to receive generated dividends for the participation of the fund in the validation of transactions in the Ethereum network.
According to exposed In Form 19B-4, the ETF could delegate the Staking to one or more trust suppliers, and the rewards obtained would be counted as income. This change would make a clear difference between the Bitcoin ETFs, which do not have this functionality, and those of Ether, whose design would take advantage of a characteristic of your network.
Staking is a mechanism of decentralized networks with proof of participation (POS), in which validators block cryptocurrencies to participate in block verification and receive rewards. In the context of an ETF, the fund would use investors funds to participate indirectly in this activity, generating additional returns that would be distributed between the fund holders.
With this proposal, Blackrock joins other firms that have already requested to integrate staking into their Ether -based products. Among them are 21Shares, Fidelity, Franklin Templeton and Grayscale.
In February, CBOE BZX Exchange submitted a similar application on behalf of 21Shares, as Cryptoics reported. In March, he repeated the process for the ETFs of Fidelity (Feth) and Franklin (Ezet). Nyse Arca also proposed to allow the Staking in the Goyscale ETF: Ethereum Trust ETF and Ethereum Mini Trust ETF.
Nasdaq’s application coincides with a moment of strong upward trend for the price of Ether, which has exceeded key technical levels, arriving at the USD 3,430 this Thursday, July 17.
According to the EMJ capital analysis collected by cryptootics, if the ETF of Ethereum with Staking obtains green light, the price of the asset could reach new historical maximums. Its founder, Eric Jackson, projects a scenario in which Ether exceeds $ 10,000 if this line of financial products is consolidated.
Now, the Nasdaq and Blackrock movement does not assume that ETFs of ETH enables the staking. James Seyffart, one of Bloomberg Intelligence’s ETF analysts, clarified that there are many ETF requests for Eth Staking and that the deadline for previous applications is at the end of October.
“Blackrock’s application today will not have a deadline until approximately April 2026 (but we believe that the stand will probably be approved at least for the fourth quarter of 2025),” he said.
At present, there are already ETF in the United States that incorporate staking as an income generation mechanism. Such is the case of the ETF of Solana (Sun) launched by Rex Shares and Osprey Funds. This instrument offers exposure to the price of cryptocurrency in the futures market and, at the same time, distributes the profits generated by the native network of the network. This product is the first of its kind to include this functionality in the country.
The analyst Mike Fay stressed that the Staking in ETF, as in the case of Solana, represents “a turning point for the market”, since it opens new forms of monetization for funds and investment alternatives for market participants. For the issuing, this means incorporating income -generating assets. For investors, implies accessing a passive way of obtaining additional returns No need to operate directly on standking platforms.
