- Nasdaq filed with the SEC to add staking capabilities to BlackRock’s Ethereum ETF, and approval could come as early as Q4 2025.
- Ethereum ETFs hit record inflows of $726 million in one day, with BlackRock leading at $499 million.
- The filing follows the SEC’s approval of the first staking ETF and signals growing institutional acceptance of crypto investment products.
Nasdaq has submitted a proposal to the Securities and Exchange Commission requesting approval to add staking capabilities to BlackRock’s iShares Ethereum Trust (ETHA). The filing seeks to remove existing restrictions that prevent the ETF from staking its Ethereum holdings.
The proposal represents another step in the evolving landscape of cryptocurrency exchange-traded funds. Multiple asset managers have filed similar staking applications with the SEC, building momentum for enhanced ETF functionality in the digital asset space.
The timing of Nasdaq’s filing follows the SEC’s recent approval of the REX-Osprey Solana Staking ETF, marking the regulator’s first greenlight for a staking-enabled cryptocurrency ETF. This approval signals a potential shift in the SEC’s approach to staking mechanisms within ETF structures.
BlackRock ETF Staking Proposal Details
The filing outlines specific provisions for staking operations. “The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s ether through one or more trusted staking providers,” the document states.
If approved, the BlackRock Ethereum ETF would generate staking rewards and distribute these earnings to shareholders. The proposal identifies Coinbase as the preferred staking partner, leveraging the exchange’s established infrastructure for institutional staking services.
The amendment would also streamline the ETF’s creation and redemption processes. This enhancement could improve operational efficiency and provide better liquidity management for the fund.
Bloomberg analyst James Seyffart projects the final approval deadline for April 2026, based on the filing’s timing. However, he notes that approval could arrive as early as the fourth quarter of 2025, depending on regulatory review progress.
Ethereum ETF Market Surge
Ethereum ETFs are experiencing unprecedented growth, recording their highest daily inflows since launch. Recent data shows $726 million in single-day inflows, with BlackRock’s ETHA leading at $499 million and Fidelity’s FETH contributing $113 million.
The strong performance extends beyond daily metrics. Ethereum ETFs posted their best weekly performance with $907 million in total inflows, reflecting sustained institutional interest in the second-largest cryptocurrency by market capitalization.
Market dynamics show Ethereum trading at $3,609, representing a 5.21% increase over 24 hours. The price movement aligns with growing institutional adoption and corporate treasury accumulation of ETH tokens.
Ethereum treasury companies actively acquire ETH holdings, contributing to upward price pressure toward the $3,500 level. This institutional demand coincides with the broader acceptance of Ethereum ETFs among traditional financial institutions.
The convergence of staking functionality proposals and record ETF inflows indicates expanding institutional infrastructure for Ethereum exposure. Traditional finance continues to integrate cryptocurrency investment products, potentially accelerating mainstream adoption of digital assets.
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