Coinspeaker
ETH Price Soars as BlackRock Files Ethereum ETF Application
Ethereum (ETH), has seen a significant price increase, surpassing the $2,000 mark following reports that the world’s largest asset manager, BlackRock Inc (NYSE: BLK), has taken preliminary steps toward the creation of an Ethereum Exchange-Traded fund (ETF).
BlackRock’s Move into Ethereum ETF
According to a filing on Thursday, BlackRock Advisors filed for the registration of an iShares Ethereum Trust in the state of Delaware. The entity responsible for the filing, BlackRock Advisors, submitted the necessary paperwork, with Daniel Schweiger listed as the registered agent.
A managing director at BlackRock with the same name is identified on LinkedIn, adding credibility to the filing. However, when approached for comment, a representative for BlackRock opted not to provide any information on the matter.
This move by BlackRock mirrors its previous actions in the crypto space. The asset management giant registered a
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