BlackRock Registers Ethereum Trust in Delaware
Crypto News

BlackRock Registers Ethereum Trust in Delaware

4 Minuten
7 months ago

Continuing its implementation of digital asset services, the $9 trillion asset management firm BlackRock has registered for an Ethereum Trust in Delaware. Indeed, Bloomberg analyst Eric Balchunas confirmed the firm’s iShares...

BlackRock Registers Ethereum Trust in Delaware

Inhaltsverzeichnis

Continuing its implementation of digital asset services, the $9 trillion asset management firm BlackRock has registered for an Ethereum Trust in Delaware. Indeed, Bloomberg analyst Eric Balchunas confirmed the firm’s iShares Ethereum Trust in a post to X, formerly Twitter.

BlackRock made waves when it announced its filing for a spot Bitcoin ETF with the US Securities and Exchange Commission (SEC) earlier this year. Subsequently, BlackRock’s iShare Bitcoin Trust was registered just one week before the landmark ETF filing.

Also Read: BlackRock iShares Bitcoin Trust Relisted on the DTCC

BlackRock Registers for iShares Etheruem Trust in Delaware

One of the largest asset management firms in the world, BlackRock, has continued to add excitement and intrigue to the digital asset industry. Specifically, the firm made waves when it announced its filing for the Spot Bitcoin ETF with the SEC this year. Indeed, a potential approval would mark the first such exchange-traded fund in the United States.

Now, BlackRock has continued to explore its digital asset options, as it has registered an Ethereum Trust in Delaware. The reports originally began swirling around a potential filing. Ultimately, Bloomberg analyst Eric Balchunas confirmed the news in a post to X, calling it the “first step towards filing for a spot ETher ETF.”

Source: Financial News London

Also Read: SEC Charges BlackRock with Failing to Disclose Investments

BlackRock’s eventual filing of a spot Ether ETF has long been pondered by pundits. However, the arrival of such a filing would certainly legitimize the firm’s position within the industry. Subsequently, it reinforces the asset managers’ belief in its long-term potential and impact.

Since its Bitcoin ETF filing, the asset manager has continually praised the asset’s potential. However, the SEC still stands in the way of the first approval of such an offering in the country. Yet, many expect that to change, with approval predicted to occur at some point this year.

0 people liked this article

Related Articles

Crypto News
SEC Chairman Gary Gensler Announced the Requirements for the FTX Exchange to Be Operated Again!
SEC Chairman Gary Gensler explained the conditions under which the FTX exchange can operate in an interview within the scope of DC Fintech Week. Continue Reading: SEC Chairman Gary Gensler Announce...
7 months ago
2 Minuten
Crypto News
Why Did Bitcoin Price Soar To $36,800?
The Bitcoin price has seen a significant increase of more than 4% within the last 24 hours. The price has risen to $36,800. Several key factors have contributed to this rally. #1 Spot Bitcoin ETF B...
7 months ago
4 Minuten
Blog
Empowering Change: Introducing KSN Token for Kissan Charity
Kissan charity is a wonderful initiative that is dedicated to helping farmers in need.
7 months ago
2 Minuten
Crypto News
U.S. Bill Seeks to Outlaw China-Made Blockchains and Tether’s USDT for Government Use!
The post U.S. Bill Seeks to Outlaw China-Made Blockchains and Tether’s USDT for Government Use! appeared first on Coinpedia Fintech News A bipartisan bill called the Creating Legal Accountability f...
7 months ago
1 Minuten
Crypto News
Spain Enforces Crypto Ad Rules, Miolos S.L. Charged
Spain’s financial watchdog, the CNMV, has taken a decisive step in enforcing its crypto asset advertising regulations, initiating disciplinary proceedings against the technology provider Miolos S.L...
7 months ago
2 Minuten
Crypto News
How Far Can Solana (SOL) And Cosmos (ATOM) Go In The Current Market Uptrend?
The crypto market is currently in a bullish phase, with Bitcoin trading steadily above $36,000 and altcoins like Solana (SOL) and Cosmos (ATOM)
7 months ago
5 Minuten