SEC Don Acknowledge BlackRock Spot Ethereum ETF Wey Dey Get Staking
BlackRock don file one 19b-4 proposal with SEC make dem fit add staking to their spot iShares Ethereum Trust ETF. The SEC don acknowledge di filing and don open public comment period, na the first regulatory step. ETHA na di biggest spot Ethereum ETF by AUM, e cross $10 billion for less than one year. E get almost $4 billion net inflows since early July. For di past month, di inflows and staking hopes lift ETH price by over 50% reach almost $4,000, a 150% gain since April low. If dem approve am, ETF-based Ethereum staking go allow investors collect ETH rewards direct through di fund. This fit make institutional demand strong and boost yield for ETF investors.
Bullish
Di proposal and SEC acknowledgement dey show say institutional adoption dey grow and new yield opportunities dey come. Big net inflows plus the recent price rally mean say market get strong confidence. If dem approve am, ETF-based Ethereum staking go create fresh demand and passive-income opportunities, wey go push more buying pressure and price stability. Old kin tins show say positive ETF regulations many times dey act like catalyst for crypto price increase, making this development good for ETH.