Ethereum

Bitcoin ETF

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<ul> 
 <li>BlackRock files for Ethereum ETF, ETH surges, reaching 7-month high.</li> 
 <li>Ethereum’s 10% surge post-ETF filing hints at market dominance.</li> 
 <li>BlackRock’s move suggests a maturing crypto landscape and broader accessibility.</li> 
</ul> 
<p>In a groundbreaking move, <a href="https://www.blackrock.com/corporate" target="_blank" rel="noreferrer noopener nofollow">BlackRock</a>, the trillion-dollar giant, has submitted a 19b-4 form to the SEC, officially declaring its intent to introduce a Spot Ethereum ETF. This monumental step prompted a surge in ETH’s price, reaching a 7-month high, and boosted market sentiments, with Bitcoin also experiencing gains.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw">#BlackRock</a>'s entry into the <a href="https://twitter.com/hashtag/EthereumETF?src=hash&amp;ref_src=twsrc%5Etfw">#EthereumETF</a> arena is officially confirmed with their 'iShares <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> Trust' filing on Nasdaq. With <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a>'s recent surge, a $2,500 price target by the end of November is now on the horizon! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Learn more: <a href="https://t.co/i1i46higG2">https://t.co/i1i46higG2</a> <a href="https://t.co/MwVZ0qH1Jd">pic.twitter.com/MwVZ0qH1Jd</a></p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1722842337099825449?ref_src=twsrc%5Etfw">November 10, 2023</a>
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<p>BlackRock’s plan to launch a <a href="https://cryptonewsland.com/blackrocks-spot-etf-a-key-driver-to-push-bitcoin-beyond-100k/" target="_blank" rel="noreferrer noopener">Spot Ethereum ETF</a> was unveiled through a filing with the Nasdaq exchange, where it intends to list the Ethereum-focused product. This development follows the registration of the corporate entity “iShares Ethereum Trust” in Delaware, signifying BlackRock’s impending Ethereum ETF filing.</p> 
<p>The company joins a league of financial institutions eyeing <a href="https://cryptonewsland.com/ethereum-futures-etf-approval-nears-amid-government-shutdown-concerns/" target="_blank" rel="noreferrer noopener">cryptocurrency-backed ETFs</a>. Bloomberg ETF analyst James Seyffart highlighted that besides BlackRock, at least five other firms, including VanEck, ARK 21Shares, Invesco, Grayscale, and Hashdex, are seeking SEC approval for Spot Ethereum ETFs.</p> 
<p>The impact on the cryptocurrency market was immediate, with Ether surging by <a href="https://cryptonewsland.com/10000-xrp-at-100-per-coin/">10</a>.1% in a 24-hour window, hitting $2,080, marking an 8.9% surge post-BlackRock’s <a href="https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2023-045.pdf" target="_blank" rel="noreferrer noopener nofollow">Nasdaq filing</a>. This surge allowed ETH to regain market dominance against Bitcoin, reaching a 17% market share, up by 1.3 percentage points.</p> 
<p>BlackRock’s foray into the crypto realm extends to a planned Spot <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">Bitcoin ETF</a>, anticipated to secure SEC approval by January 2024. While the timeline for reviewing the Ethereum ETF remains uncertain, it signifies a crucial step toward mainstream investor access to cryptocurrencies.</p> 
<p>The surge in Ether’s value, surpassing Bitcoin momentarily, underscores the burgeoning anticipation for cryptocurrency-based ETFs. Regulatory discussions at the SEC remain active regarding the approval of such funds.</p> 
<p>The emergence of ETFs could represent a significant milestone in broadening access to digital assets. While hurdles persist, institutional interest from giants like BlackRock signals the continuing evolution and maturation of the crypto landscape.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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 <li><a href="https://cryptonewsland.com/blackrocks-bitcoin-etf-filing-fuels-grayscales-climb-towards-2023-peak/">BlackRock’s Bitcoin ETF Filing Fuels Grayscale’s Climb Towards 2023 Peak</a></li>
 <li><a href="https://cryptonewsland.com/blackrocks-spot-etf-a-key-driver-to-push-bitcoin-beyond-100k/">BlackRock’s Spot ETF – A Key Driver to Push Bitcoin Beyond $100k</a></li>
 <li><a href="https://cryptonewsland.com/heres-why-sec-will-approve-blackrocks-filing-its-not-because-its-blackrock/">Here’s Why SEC Will Approve BlackRock’s Filing — It’s Not Because It’s BlackRock</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-spot-bitcoin-etf-rumored-to-be-approved/">Blackrock Spot Bitcoin ETF Rumored to Be Approved: A Surge to $40,000 on the Horizon?</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-launches-eu-blockchain-etf/">BlackRock launches EU blockchain ETF</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/blackrocks-ethereum-etf-filing-drives-eth-price-altcoin-season-soon/">BlackRock’s Ethereum ETF Filing Drives ETH Price, Altcoin Season Soon?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

BlackRock’s Ethereum ETF Filing Drives ETH Price, Altcoin Season Soon?

Crypto News Land

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