Ethereum News: Multi-trillion dollar asset manager BlackRock Inc. has once again invoked a bullish sentiment in the broader market with a filing that may serve as a precursor toward officially applying to the launch of its first Ethereum spot Exchange Traded Fund (ETF) product.
Ethereum Spot ETF, Will SEC Approve?
The latest registration, dubbed the iShares Ethereum Trust, was lodged in Delaware with the Department of State Division of Corporations. While this is not an active ETF filed, experts project that it can eventually push the firm to lodge an official application with the United States Securities and Exchange Commission in the coming days.
With more than $10 trillion in Assets Under Management (AUM) in its coffers, BlackRock deepened its push into crypto earlier this year when it filed to launch its iShares Bitcoin Trust. This filing at the time was preceded by the current move that the firm is making for its iShares Ethereum Trust.
Notably, BlackRock is a force in the financi
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