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BNB
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$58,645.00 0.54517
Bitcoin price
Ethereum
Ethereum (ETH)
$3,154.29 0.36176
Ethereum price
BNB
BNB (BNB)
$529.44 -1.17535
BNB price
Solana
Solana (SOL)
$139.50 -0.29507
Solana price
XRP
XRP (XRP)
$0.5394380 14.89051
XRP price
Shiba Inu
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$0.0000172 4.01138
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.99546
Pepe price
Bonk
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$0.0000223 -1.66194
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Bitcoin
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Ethereum
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$3,154.29 0.36176
Ethereum price
BNB
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$529.44 -1.17535
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Solana
Solana (SOL)
$139.50 -0.29507
Solana price
XRP
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$0.5394380 14.89051
XRP price
Shiba Inu
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$0.0000172 4.01138
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.99546
Pepe price
Bonk
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$0.0000223 -1.66194
Bonk price
Bitcoin
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$58,645.00 0.54517
Bitcoin price
Ethereum
Ethereum (ETH)
$3,154.29 0.36176
Ethereum price
BNB
BNB (BNB)
$529.44 -1.17535
BNB price
Solana
Solana (SOL)
$139.50 -0.29507
Solana price
XRP
XRP (XRP)
$0.5394380 14.89051
XRP price
Shiba Inu
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$0.0000172 4.01138
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.99546
Pepe price
Bonk
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$0.0000223 -1.66194
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BlackRock prepares to file spot Ether ETF

blackrock-prepares-to-file-spot-ether-etf
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BlackRock prepares to file spot Ether ETF

Global asset management behemoth BlackRock has signaled interest in expanding its cryptocurrency fund offerings with a recent filing that indicates a possible proposal for an Ethereum-based ETF.

BlackRock, the world’s largest asset manager, is laying the groundwork for a potential spot Ethereum exchange-traded fund (ETF). The evidence pointing to this development is a filing for an iShares Ethereum (ETH) Trust that was recently posted on the Delaware Department of State’s website.

This action suggests that BlackRock, which oversees approximately $9 trillion in assets, is considering proposing an Ethereum ETF to the U.S. Securities and Exchange Commission (SEC). However, as of now there has been no formal proposal submitted to the SEC.

This filing follows in the footsteps of BlackRock’s previous venture into the cryptocurrency ETF space. The asset manager filed with the SEC to launch a spot Bitcoin ETF on June 15, with an initial disclosure for the iShares Bitcoin Trust appearing on Delaware’s website a week earlier.

The timing of BlackRock’s potential move into Ethereum-based products coincides with a surge in Ether’s price, which stood at around $2,030, up by over 8% in the last 24 hours as of the morning of the filing.

If BlackRock moves forward with a spot Ethereum ETF, it will join the ranks of several other financial institutions that have embarked on similar endeavors. Firms like Ark Invest, 21Shares and VanEck have also been seeking to offer ETFs that directly hold Ether.

Grayscale Investments has also been proactive in this area, having already initiated a process on Oct. 2 to transform its Ethereum Trust into a spot Ether fund. Other companies such as Hashdex and Invesco have also placed filings with the SEC to launch their own spot Ether products.