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! 🎉
Read More
- Ashes of Creation Rogue Guide for Beginners
- Best Controller Settings for ARC Raiders
- Meet the cast of Mighty Nein: Every Critical Role character explained
- Tougen Anki Episode 24 Release Date, Time, Where to Watch
- Eldegarde, formerly Legacy: Steel & Sorcery, launches January 21, 2026
- Avatar 3 Popcorn Buckets Bring Banshees From Pandora to Life
- Fishing Guide in Where Winds Meet
- Justin Baldoni Misses Deadline to Appeal Blake Lively Suit Dismissal
- Kirby Air Riders ‘Overview’ trailer
- Two revolutionary 90s shooters shadow dropped on Xbox, Xbox Game Pass, and PC — Complete with enhanced performances, online multiplayer crossplay, and more
2025-07-17 21:16