Ethereum's ETH Skyrockets Above $2K as BlackRock Registers Ethereum Trust in Delaware

1 min read
Source: CoinDesk
Ethereum's ETH Skyrockets Above $2K as BlackRock Registers Ethereum Trust in Delaware
Photo: CoinDesk
TL;DR Summary

BlackRock, the asset management giant, has registered an iShares Ethereum Trust as a corporate entity in Delaware. The filing was submitted by an entity named BlackRock Advisors, with the registered agent listed as Daniel Schwieger, who is also a managing director at BlackRock. The news has caused a surge in the price of ether (ETH), with the cryptocurrency rising by 7% to reach $2,105. BlackRock has declined to comment on the registration.

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