- BlackRock and NYSE file proposal for Ethereum ETFs.
- Potential shift in Ethereum investment strategies.
- Significant impact on Ethereum’s trading dynamics.
BlackRock and the New York Stock Exchange have proposed a set of exchange-traded funds focused on staked Ethereum as of October 2023.
This proposal from BlackRock and NYSE represents a noteworthy development in retail cryptocurrency investing, potentially influencing Ethereum’s price and wider market behavior.
BlackRock Partners with NYSE for Staked ETH ETFs
BlackRock, a major asset manager, aims to introduce ETFs linked to staked Ethereum, aligning with the NYSE’s objectives. The initiative highlights increasing attention toward Ethereum-based products.
BlackRock collaborated with the NYSE to file this ETF proposal. The strategy emphasizes the focus on Ethereum and innovative market solutions within the cryptocurrency sector. “There’s no question it’s less perfect for ETH today without staking. A staking yield is a meaningful part of how you can generate investment return in this space, and all the [ether] ETFs at launch did not have staking,” noted Robert Mitchnick, Head of Digital Assets at BlackRock.
Market Anticipates Changes from BlackRock’s ETH ETFs
Market participants anticipate potential shifts in trading volumes and Ethereum’s market reach. BlackRock’s initiative could enhance institutional investors’ interest in Ethereum and expand access to crypto investments .
Ethereum, known by the symbol ETH, holds the second rank in the cryptocurrency market. As of March 22, 2025, it was priced at $1984.29 with a market cap of approximately $239 billion. Over 24 hours, Ethereum’s trading volume was $9.6 billion, marking a 22.79% decrease. Data from CoinMarketCap .
Regulatory Challenges Persist for Crypto ETFs
Past initiatives in creating cryptocurrency ETFs have faced various regulatory challenges . BlackRock’s current effort follows earlier unsuccessful attempts to bring similar products to market.
Market analysts predict that success could lead to enhanced adoption of Ethereum-based products. This move may set a precedent for further crypto-integrated financial solutions.
