BlackRock has incorporated the iShares Staked Ethereum Trust in Delaware as it prepares a staked Ethereum ETF, following the SEC's prior acknowledgement of the firm's staking-related filing. BlackRock's ETHA is the largest Ethereum ETF with over $13B AUM versus Fidelity's $2.5B. ETH briefly rose about 2% on the news. A staked ETH ETF would be BlackRock's first crypto product to offer yield and could pave the way for additional staked crypto ETFs from other issuers.

Bullish and moderate market impact because BlackRock incorporated a staked-ETH trust and the SEC had already acknowledged its staking filing; BlackRock's ETHA has >$13B AUM vs Fidelity's $2.5B; ETH briefly rose ~2% on the news; a staked ETH ETF would be BlackRock's first crypto product to offer yield and could pave the way for more staked crypto ETFs (all facts from the summary).