Ethereum

Bitcoin

Spot

BlackRock, the largest asset manager globally, has officially submitted an application for a spot Ethereum exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC).  
The proposed ETF, named iShares Ethereum Trust, aims to track the overall performance of the price of ether, according to the Form S-1 filed by iShares on Wednesday.  
This filing comes a week after BlackRock registered the iShares Ethereum Trust entity with the Delaware Department of State Division of Corporations.  
Nasdaq also filed for the proposed ETF shortly afterward, confirming BlackRock's involvement in developing a spot Ether ETF.  
For the custody of its proposed spot Ether ETF, BlackRock has chosen Coinbase Custody Trust Company. Additionally, the CME CF Bitcoin Reference Rate from CF Benchmarks, a subsidiary of Kraken, has been selected as the benchmark for the ETF. These choices align with those made for BlackRock's proposed spot Bitcoin ETF.  
The news of BlackRock's Ethereum ETF filing prompted a nearly 2% increase in the price of ether, reaching around $2,080.  
Earlier this year, BlackRock filed for the iShares Bitcoin Trust, which significantly impacted the markets. The SEC is currently reviewing several spot bitcoin ETF applications, including one from BlackRock. 
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BlackRock Submits Spot Ethereum ETF Filing to SEC

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