BlackRock Seeks SEC Approval for Ethereum ETF Staking

BlackRock recently met with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force to discuss potential updates to their Ethereum-based exchange traded products (ETFs). The company seeks to integrate staking mechanisms into these ETFs, a move that would allow investors to earn passive income similar to native ETH stakers. This proposal is crucial as it could give Ethereum ETFs an edge over direct ETH holdings.