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The SEC has acknowledged Nasdaq’s proposal to amend BlackRock’s iShares Ethereum Trust (ETHA) to allow ETH staking. This move could enable the ETF to earn staking rewards, aligning it more closely with Ethereum’s native yield mechanisms. The decision marks a pivotal moment for crypto-linked financial products.
- Nasdaq’s proposal would allow BlackRock’s ETHA to stake Ethereum, potentially earning rewards as income.
- The SEC’s May guidance clarified that staking activities do not automatically constitute securities transactions.
- Multiple exchanges are racing to secure staking approvals for Ethereum ETFs, with deadlines spanning 2024–2026.
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