BlackRock Begins Ethereum Purchase For Staking ETF
BlackRock has begun purchasing Ethereum (ETH) for its ETH staking ETF. According to the filing, the ETH staking yield is estimated to average out at 3% annually. The firm reached the 3% figure in reference to early 2026 benchmarks. The filing notes that investors will receive 82% of gross staking rewards. The fund sponsor and execution partner will keep the remaining 18%. Investors will also have to pay a sponsor fee of 0.12% to 0.25% of the investment value and also a staking fee. With the world’s largest asset manager amping up its ETH purchase, will the underlying asset experience a price surge in the coming weeks? Let’s discuss. Will Ethereum Rally After BlackRock Begins Purchases For Its Staking ETF? Source: Pixabay Ethereum’s (ETH) price has struggled to see any positive price action over the last few months. The asset briefly reclaimed the $2000 price level over the last weekend, but has since faced another correction. According to CoinGecko data, Ethereum...