Ethereum

Cryptocurrency

United

<div class="finbold">
 <p class="paragraph">BlackRock Inc. (NYSE: BLK), the world’s largest asset manager, has formally submitted an Ethereum (ETH) exchange-traded fund (ETF) application to the United States Securities and Exchange Commission (SEC).</p>
 <div></div>
 <p class="paragraph">The ETF, named iShares Ethereum Trust, aims to “generally reflect the performance of the price of ether,” as stated in the Form S-1 filed with the SEC by iShares on Wednesday, November 15. The iShares brand is affiliated with BlackRock’s suite of ETF products.</p>
 <p class="paragraph">This filing follows BlackRock’s registration of the iShares Ethereum Trust entity with the Delaware Department of State Division of Corporations a week prior, for which there was a dispute on social media about whether it was real or fake, which led to a brief surge in XRP’s price. Shortly after Nasdaq submitted the proposed ETF, it confirmed that BlackRock is actively developing a spot ether ETF.</p>
 <h2 class="wp-block-heading" id="h-previous-etf-developments">Previous ETF developments&nbsp;</h2>
 <p class="paragraph">In June of this year, BlackRock applied to the iShares Bitcoin (BTC) Trust, significantly influencing market dynamics. The SEC is actively reviewing various applications for spot ETFs of this crypto, including one from BlackRock. While the asset manager’s BTC ETF ticker, IBTC, has been listed on the Depository Trust &amp; Clearing Corp’s website since August, it gained notice only in the latter part of last month.</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/16/87c2da5b024191ede87e5af92bf64757.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="philippines-introduces-tokenized-treasury-bonds">Philippines introduces tokenized treasury bonds&nbsp;</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/16/94b4c554b4923bf787f2a25b718744fe.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="ftx-plans-to-sell-100m-of-crypto-per-week-these-tokens-are-at-risk">FTX plans to sell $100M of crypto per week; These tokens are at risk</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/15/648c5e518e91d4edeff39bfd46cd225c.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="germany-s-4th-biggest-bank-commerzbank-wins-crypto-custody-license">Germany’s 4th biggest bank Commerzbank wins crypto custody license</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/16/4388f6793abae950fcf448495affcb23.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="short-squeeze-alert-for-november-15-two-cryptocurrencies-with-potential-to-skyrocket">Short squeeze alert for November 15: Two cryptocurrencies with potential to skyrocket</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/16/17f0bd91200cafb3d50013ba219061d4.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="what-is-celestia-tia-and-why-has-its-price-surged-160-in-a-week">What is Celestia (TIA) and why has its price surged 160% in a week?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Major trading firms, including Jane Street, Virtu Financial, and Jump Trading, are reportedly engaged in discussions to offer liquidity for BlackRock’s proposed spot should it receive regulatory approval. The anticipation of approval for a spot in Bitcoin ETF has contributed to a recent surge in Bitcoin’s price.&nbsp;</p>
 <p class="paragraph">The company’s move into Ethereum indicates a growing interest in digital assets beyond BTC. Throughout history, ETFs have consistently drawn significant investments, offering a convenient entry point and streamlining asset acquisition for institutional players instead of their holdings’ self-custody.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-files-for-a-spot-ethereum-etf-with-sec-tbt70528.html">https://thebittimes.com/blackrock-files-for-a-spot-ethereum-etf-with-sec-tbt70528.html</a></p>

BlackRock files for a spot Ethereum ETF with SEC

Table of Contents

TheBitTimes

Other articles published on Nov 16, 2023

Render’s AI-Based Protocol Breaks Out of Bear Trap, Surges 30% in Price

Lazy Artists Will Be Born in No Time Thanks to OpenAI’s DALL·E 3

Google DeepMind and YouTube Collaborate on Music AI Tool Amidst Crackdown

Shiba Inu Price Prediction: Analyst Forecast 2X By Mid-December

YouTube Could Soon Ban Any Content Generated by AI!

Philippines Initiates $179 Mln Tokenized Treasury Bonds Revolutionizing Digital Finance

Join our free newsletter for daily crypto updates!