Ethereum

JUST

Spot

Gains

<div class="insidebitcoins">
 <p>Fund management titan BlackRock officially filed for a spot Ethereum ETF (exchange-traded fund) as the race to launch crypto ETF products gathers momentum.</p>
 <p>The $9 trillion asset manager filed for a spot Ethereum ETF after registering the iShares Ethereum Trust last week. If approved, the spot ETH ETF will list on NASDAQ.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">🔥FACTS JUST IN🔥#BlackRock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the SEC. This move is to introduce a spot ethereum exchange-traded fund (ETF) on #Nasdaq…👀🔥 #Crypto #Ethereum #ETH #ETF pic.twitter.com/3CmWXaqsYn</p>
  <p>— All Facts Crypto (@AllFactsCrypto) November 16, 2023</p>
 </blockquote>
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 <h3 id="blackrock-driving-expectations-of-spot-crypto-etf-breakthrough">BlackRock Driving Expectations Of Spot Crypto ETF Breakthrough</h3>
 <p>BlackRock filed for a spot Bitcoin ETF back in June, a move that fanned market expectations of an eventual breakthrough for spot crypto ETF products.</p>
 <p>BlackRock’s interest in spot crypto ETFs has helped trigger a bull run in the crypto markets with Bitcoin and Ether up 28% and 24%, respectively, over the past month.</p>
 <p>Bloomberg ETF analysts say there’s a 90% chance that spot Bitcoin ETF will be approved by early January, with spot ETH ETFs likely sometime after that.</p>
 <p><span class="s1">Research firm&nbsp;Bernstein says approval of spot crypto ETFs will help crypto assets under management surge as much as 13-fold in the next five years to $650 billion.</span></p>
 <p><span class="s1"> T</span><span class="s1">he crypto fund management industry is on the cusp of a transformation from a “cottage industry’’ into a sector with $50 billion in revenues over the period, it says.</span></p>
 <h3 id="also-read">Also Read</h3>
 <ul>
  <li>Spot Ethereum ETF-Styled ETHETF Token Unveils Massive Burn Program: Will It Trigger A 10X Explosion?</li>
  <li>Binance To Launch Crypto Exchange In Thailand With Thai Billionaire Sarath Ratanavadi</li>
  <li>Bitcoin Bulls Eye $40,000 As Bitcoin Minetrix Gains Momentum, Surpassing $4 Million In Its Stake-To-Mine ICO</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-files-for-spot-ethereum-etf-as-crypto-etf-race-heats-up-tbt70730.html">https://thebittimes.com/blackrock-files-for-spot-ethereum-etf-as-crypto-etf-race-heats-up-tbt70730.html</a></p>
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BlackRock Files For Spot Ethereum ETF As Crypto ETF Race Heats Up

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