#以太坊行情技术解读 BlackRock Group Puts Forward Ethereum Staking ETF Application: A New Signal for Institutional Entry

In the past month, the most noteworthy development in the crypto market has been BlackRock submitting an application to US regulators for an Ethereum staking ETF. This is not just a product expansion—it signifies a formal recognition of Web3 profit models by traditional finance.

From Holding to Earning: The Fundamental Shift of Staking ETFs

BlackRock’s previous spot Ethereum ETF merely tracked ETH prices. The newly proposed staking ETF (which plans to allocate 70%-90% of holdings for staking) is entirely different—investors can earn two types of returns: the appreciation of ETH itself, plus staking rewards generated through network validation (annualized around 3-5%).

This may seem simple on the surface, but it actually bridges the last mile for traditional funds to compliantly enter the Ethereum ecosystem. The focus of institutional capital has shifted from “whether to buy” to “how to earn more,” and this change in mindset indicates that people are starting to view Ethereum as a genuine yield asset, not just a speculative price instrument.

How Wall Street Views It: The Triple Logic Behind $62,500

Renowned analyst Tom Lee offers an optimistic forecast for Ethereum, with the key figure being $62,500. There are three supporting arguments for this target—

Fundamentally, the actual application demand within the Ethereum ecosystem combined with its deflationary model provides long-term support;
On the capital side, institutions like BlackRock and Grayscale are heavily allocating, creating sustained capital momentum;
Emotionally, historical data shows Ethereum has room for a rebound relative to Bitcoin. The three factors work together logically.

What Will Happen if the Staking ETF Gets Approved

If this ETF ultimately receives approval from the US Securities and Exchange Commission, the impact will be direct: ordinary investors will be able to buy Ethereum staking shares via stock accounts just like stocks, greatly lowering the entry barrier, and liquidity will also significantly increase. This could trigger a buying spree—after all, it allows participation in ETH’s appreciation while earning yields, making it highly attractive to traditional investors.

Market data also supports this expectation. Between December 2025, inflows into spot Bitcoin ETFs reached $198 million, while spot Ethereum ETFs saw inflows of $143 million—Ethereum’s attention continues to rise.

But it’s important to note that the final fate of the staking ETF still depends on regulatory authorities. SEC’s stance will directly determine whether and when this product is launched. The market can remain optimistic, but regulation is the ultimate decider.

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