ISB ~ 1 Peter 1 v3

Blessed be the God:A traditional prayer form, called a berakah (Hebrew for “blessing”), in which the Lord is praised for his saving deeds and thanked for his wonderful gifts (1 Chron 29:10-13; Tob 13:1-18; Dan 3:3-22). For other NT examples, see Lk 1:68-79 and Eph 1:3-14 (CCC 2626-27).

living hope:Not mere optimism or wishful thinking, but the earnest desire, made possible by grace, for the unseen glory of heaven (1:13, 21; Rom 8:24-25). Notice that Peter’s benediction makes reference to all three theological virtues: “faith” (1:9), “hope” (1:3), and “love” (1:8). See note on 1 Cor 13:13.