Filed under Section 19(b)(1) of the Securities Exchange Act, the request seeks to amend current rules prohibiting staking and replace them with provisions enabling the trust to earn passive income through Ethereum’s proof-of-stake network. 🤑
The iShares Ethereum Trust, operated by BlackRock subsidiary iShares Delaware Trust Sponsor LLC, currently holds ETH in custody with Coinbase Custody Trust, while BNY manages its cash assets. It’s like a digital treasure chest guarded by a very tech-savvy dragon. 🐉
Coinbase also serves as the ETF’s primary broker. Imagine a wizard casting spells to ensure everything runs smoothly. 🧙♂️
The fund, which debuted on Nasdaq in May 2024, could become the first spot ETH ETF to offer yield through staking—pending regulatory approval. If the regulators say “abracadabra,” this could be a game changer! 🎉
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2025-07-17 21:16