Amidst a sharp rise in the price of the second-largest cryptocurrency by market capitalization, the daily net inflow into BlackRock’s ETHA exchange-traded fund reached $546.7 million.
The chart below shows a surge in fund inflows in recent days:
The cumulative net inflow since the launch of ETHA has reached $7.66 billion, with assets under management (AUM) totaling $8.47 billion.
The total inflow into spot Ethereum ETFs over the past day amounted to $602 million, marking a positive trend for 10 consecutive weeks. The combined AUM stands at $17.32 billion.
Interest in Staking
Capital inflows may have been bolstered by BlackRock’s application to the SEC to add a staking feature to ETHA. This initiative followed shortly after the market debut of the REX-Osprey Solana Staking ETF with a similar option.
The request was submitted through Nasdaq under rule 19b-4, which is used by exchanges for fund listings. Previously, similar initiatives to update Ethereum products were submitted by 21Shares, Grayscale, and other asset managers.
“Staking is not over yet. Several applications for ETH-ETFs with staking have already been submitted to the SEC. The final deadline for early applications is the end of October. BlackRock’s deadline is not until around April 2026. However, it is predicted that approval for staking could be granted as early as the fourth quarter of 2025,” wrote Bloomberg analyst James Seyffart.
“Fully or Partially”
Nasdaq proposed using “all or part” of the ETH from the trust for staking through one or more verified providers. According to the application, assets will not be pooled with ether from other participants, and the fund will not assume risks of slashing and forks.
Coinbase serves as the custodian and primary operations agent for BlackRock’s product. It is likely to become the staking partner as well.
The REX-Osprey Solana Staking ETF, previously approved by the Commission, operates under a stricter regulatory framework based on the 1940 Securities Act. This distinguishes it from most funds structured under the 1934 model, which rule 19b-4 relies on.
As of now, no “staking” fund has received the “green light” under the aforementioned model, although the SEC has shown interest in such products. The Commission is also developing guidelines to simplify the approval process for cryptocurrency-based ETFs.
According to the agency, most staking-related operations do not fall under securities laws and do not require registration.
At the time of writing, Ethereum is trading around $3616. Over the past 24 hours, the asset has risen by 5.3%, and over seven days, by 20.3%, according to CoinGecko.
Back on July 16, the net inflow into nine ETH-ETFs reached a record $726.74 million.