BlackRock Inc., a trillion dollar asset manager, has once again prompted widespread market optimism with a filing that may be a prelude to the company’s first Ethereum spot Exchange Traded Fund (ETF) product’s formal application to debut. The newest filing, known as the iShares E...
- According to CoinMarketCap, ETH is trading at $2023, up 6.93% as of this writing.
- The filing (iShares Ethereum Trust) was submitted at the Delaware Department of State.
BlackRock Inc., a trillion dollar asset manager, has once again prompted widespread market optimism with a filing that may be a prelude to the company’s first Ethereum spot Exchange Traded Fund (ETF) product’s formal application to debut.
All Eyes on U.S SEC
With the filing to form the iShares Bitcoin Trust earlier this year, BlackRock increased its commitment to the cryptocurrency market. The company’s current action for its iShares Ethereum Trust follows this filing at the moment.
BlackRock has progressed in its pursuit of a Bitcoin spot ETF, having resubmitted its proposal many times to include SEC objections. The financial giant’s entry into the Bitcoin ETF market has bolstered the expectation that the product would eventually be approved, even though no such permission has yet been granted.
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