BlackRock files S-1 form for spot Ether ETF with SEC
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BlackRock, the world’s largest asset manager, officially filed for a spot Ether Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC) on Nov. 15.
The Ether ETF, dubbed iShares Ethereum Trust, aims to “reflect generally the performance of the price of Ether,” read the S-1 form fled with the SEC. The iShares brand is associated with BlackRock’s exchange-traded fund products as it’s Bitcoin ETF is called iSharw
The move by BlackRock comes nearly a week after it registered the iShares Ethereum Trust with the
Market pundits and ETF analysts have predicted that the chances of approval for a spot Bitcoin ETF by early 2024 is as high as 90% while
The institutional rush into cryptocurrency based spot ETFs comes at a time when the crypto market is in the recovery phase, having gained a significant chunk of lost ground from the last bear market.
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