Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) requesting permission to allow Ethereum holdings in the iShares Ethereum Trust to participate in staking activities—a move that could mark a first for spot Ethereum ETFs.
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.
Coinbase also serves as the ETF’s primary broker.
The fund, which debuted on Nasdaq in May 2024, could become the first spot ETH ETF to offer yield through staking—pending regulatory approval.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/nasdaq-moves-to-enable-staking-for-ishares-ethereum-etf/