BlackRock's Ethereum Trust Signals Potential ETH ETF
TL;DR Summary
Asset management giant BlackRock has taken the first steps towards launching an ether exchange-traded fund (ETF), as evidenced by the registration of an iShares Ethereum Trust with Delaware's Division of Corporations. This move has sparked a rally in the price of ether, which jumped 7% to surpass $2,000 for the first time since April. While the Securities and Exchange Commission (SEC) has yet to approve a bitcoin ETF, if it does, ether funds are likely to follow suit, given that ether is the second most popular cryptocurrency after bitcoin.
- BlackRock appears to take first steps toward an ether ETF CNBC
- ETH Soars Above $2K as BlackRock iShares Ethereum Trust Registered as Corporate Entity in Delaware CoinDesk
- BlackRock Registers Ethereum Trust in Delaware—ETH ETF Next? Decrypt
- Ether tops $2,000 for the first time since April, bitcoin climbs to an 18-month high CNBC
- BlackRock has filed to register a new iShares Ethereum Trust entity in Delaware The Block - Crypto News
- View Full Coverage on Google News
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