BlackRock, the largest asset management company in the world with over $10 trillion in assets under management, and the leading BTC and ETH ETF issuer, filed to add staking to its spot Ethereum (ETH) exchange-traded fund (ETF) today.
Nasdaq, where the ETF trades, submitted the filing to the Securities and Exchanges Commission (SEC) to amend BlackRock's iShares Ethereum Trust ETF (ETHA) “to permit staking of ether held by the Trust.”
The ETH price has hardly reacted to the announcement, however, the asset outperformed other major cryptocurrencies such as BTC and SOL over the last week, and is up 21% over the last seven days, compared to BTC’s 5.5%.
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