BlackRock has filed an iShares Staked Ethereum Trust ETF with the Securities and Exchange Commission (SEC) in Delaware. This move marks the asset manager’s entry into a market dominated by competitors who have already captured significant market share. BlackRock seeks to capitalize on growing institutional interest in yield-generating cryptocurrency products, but faces a challenging landscape after rivals launched similar offerings months earlier. The SEC’s September 2025 approval of generic listing standards for cryptocurrency ETFs accelerated product launches across the industry, leading to early entrants like REX-Osprey and Grayscale gaining ground. BlackRock’s filing follows regulatory progress that simplifies the ETF approval process. Despite the delay, BlackRock seeks to leverage its established brand recognition and distribution capabilities to compete in this expanding market.