BlackRock lays groundwork for a staked Ethereum ETF with Delaware trust filing

BlackRock is laying the groundwork for a new staked Ethereum ETF even as the broader market remains under pressure, suggesting the firm sees long-term opportunity despite the prevailing weakness.

Currently, Ethereum (ETH) is trading just above the $3,000 mark after a steady decline from recent highs, with sellers still in control and investors watching key support levels.

BlackRock registers iShares Staked Ethereum Trust ETF in Delaware

BlackRock has registered the iShares Staked Ethereum Trust ETF in Delaware, as it prepares to bring a yield-generating Ether product to regulated markets.

Notably, Delaware statutory trust filings have consistently served as the procedural opening act before formal exchange-traded fund (ETF) applications are sent to the US Securities and Exchange Commission (SEC).

Particularly, the move mirrors the firm’s earlier approach with the iShares Ethereum Trust (ETHA), which has since grown into the largest Ethereum ETF in the United States with more than $13 billion in assets.

The new staked Ethereum trust aims to enable staking within an ETF structure, allowing the fund to earn rewards from Ethereum’s proof-of-stake (PoS) system.

BlackRock has been pushing in this direction for months, and Nasdaq had previously filed a Form 19b-4 to allow staking for the iShares Ethereum Trust (ETHA) ETF through approved providers, though regulators recently removed the requirement for these filings for eligible crypto-commodity products.

That shift in regulatory requirements has cleared a path for faster approvals, reducing procedural hurdles for new ETF offerings.

Other issuers, including Fidelity, 21Shares, Franklin Templeton, and Grayscale, are pursuing similar staking features for their Ethereum products.

Grayscale secured approval to enable staking in its ETHE and ETH Mini Trust ETFs earlier this year, becoming the first to unlock staking rewards through a spot-market ETF registered under the Securities Act of 1933.

The broader trend shows growing institutional appetite for Ethereum yield, and BlackRock’s entry into staked ETFs further legitimises the space.

If approved, the iShares Staked Ethereum Trust ETF would become BlackRock’s first crypto product to offer yield. It would arrive at a time when income-seeking institutions are evaluating regulated paths to participate in Ethereum staking without directly handling assets or engaging with custodial risks.

Spot Ethereum price under bear pressure

BlackRock’s move comes as Ethereum’s price struggles to regain momentum in a cooling market.

ETH recently dropped below $3,100 after breaking down from a tight distribution range, continuing a pattern of lower highs and lower lows.

The price is now hovering near the $3,000 support zone, sitting well below its 100-day and 200-day moving averages, both of which reinforce the prevailing bearish tone.

On the daily chart, momentum indicators show ETH nearing oversold conditions, with RSI around 32.

A failure to hold current levels could expose the asset to deeper declines toward $2,600 and potentially $2,100 if selling accelerates.

The daily timeframe shows ETH compressing inside a falling wedge, a structure that often precedes a reversal, but the decisive breakout needed to shift momentum is yet to occur.

Notably, a recovery above $3,200 would be an early sign of strength, but any bounce lacking strong volume could be short-lived.

Further still, on-chain data reflects the broader caution with the open interest in Ethereum futures falling sharply from more than $30 billion earlier in the month to around $18 billion, showing a retreat in leveraged positioning.

Ethereum whales holding between 10,000 and 100,000 ETH have also sold more than 150,000 coins over the past several days, aligning with a price decline toward their realised price of roughly $2,900.

At the same time, Ethereum ETFs have posted more than $1 billion in outflows over the past week, adding pressure to spot prices.

Even so, accumulation addresses (wallets with no history of selling) show a cost basis near $2,860 and historically, ETH has recovered after revisiting this level.

If that pattern holds, the market could find short-term stability around the $2,800 region, offering a potential floor for a rebound.

The post BlackRock lays groundwork for a staked Ethereum ETF with Delaware trust filing appeared first on Invezz