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SEC Confirms Receipt of Application Allowing BlackRock Ethereum Spot ETF to Pledge Assets

By: theblockbeats.news|2025/07/29 17:56:45

BlockBeats News, July 30th, the U.S. Securities and Exchange Commission (SEC) has confirmed receiving the application allowing BlackRock's Ethereum spot ETF to engage in staking.

The ETF Store President Nate Geraci had previously stated at the beginning of the year that staking for an ETH ETF would happen one way or another. This process is expected to accelerate under the leadership of the Trump administration.

If Bitcoin drops below $115,000, the mainstream CEX liquidation pressure will reach $1.59 billion.

The SEC Approves Bitcoin and Ethereum ETF Physical Redemption Mechanism