BlackRock Files Application to Launch a Spot Ethereum Exchange-traded Fund
Investment giant BlackRock has submitted an application to the Delaware Department of Corporations to launch a new spot ETF called iShares Ethereum Trust, based on the second largest cryptocurrency by market capitalization.
However, the relevant documents for this application are not currently available on the website of the US Securities and Exchange Commission (SEC).
This is not the first time BlackRock has attempted to launch an ETF based on a cryptocurrency.
In June, the company also filed for a Bitcoin-based ETF, but it took seven days for the information to appear on the SEC website after being registered in Delaware.
BlackRock currently manages a total of $8.59 trillion in assets as of the end of 2022.
BlackRock’s Managing Director, Steven Schonfeld, expressed optimism in October that the SEC would approve the first spot Bitcoin ETF within the next three to six months.
