BlackRock Plans Ethereum ETF Staking as ETH Price Nears $3,500

BlackRock has applied to the SEC to allow staking for its spot Ethereum ETF, a move that would enable shareholders to earn passive income by staking their ETH rather than merely holding it, enhancing the ETF's competitiveness. This application is part of a broader industry trend, with other major firms like Franklin Templeton, Fidelity, and Grayscale also seeking staking approval, reflecting a shift in the SEC's regulatory stance under the current administration. Ethereum's price has responded positively, trading above $3,400 amid bullish momentum and strong inflows into ETH ETFs, signaling growing investor interest. Analysts highlight a critical resistance level at $3,980 that, if broken, could trigger a significant bull run with forecasts for 2025 ranging widely, from lows near $2,338 to highs above $7,500. BlackRock's staking proposal could allow the company to reduce or eliminate management fees by offsetting costs through staking rewards, potentially attracting more ETF investors. Meanwhile, individual smart investors continue to actively trade Ethereum, although recent purchases at higher prices have yet to yield profits amid current market conditions.