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In a move signaling potential progression towards a U.S. Securities and Exchange Commission (SEC)-approved spot ethereum exchange-traded fund (ETF), Blackrock has recently undertaken the application process for an Ishares Ethereum Trust. This action was registered with the Delaware Division of Corporations last Thursday, highlighting Blackrock’s ongoing cryptocurrency initiatives.
Anticipation Builds Over Blackrock’s Prospective Spot Ether ETF
Blackrock, renowned as the world’s leading asset manager in terms of assets under management, has officially filed for an Ishares Ethereum Trust with the Delaware Division of Corporations. The filing, dated November 9, 2023, categorizes the trust as statutory, with Blackrock Advisors listed as the registrant.
The filing was brought to public attention by James Seyffart, an ETF analyst from Bloomberg, through a post on the social platform X. Seyffart confirmed the legitimacy of the filing: “There have been numerous queries about the veracity of this information — it is indeed factual. An entity by this name has been legitimately registered in Delaware. This is the extent of what we can confirm at present. The images shared are authentic and sourced from the State of Delaware’s official website.”
This development has led to increased speculation among market analysts that Blackrock is preparing to launch a spot ether ETF. This follows the company’s earlier application for a spot bitcoin ETF on June 15, 2023, a decision on which is still pending from the SEC.
Concurrently, the value of ethereum (ETH) has experienced a notable increase, rising over 5% in the past 24 hours and momentarily surpassing the $2,000 threshold per unit. This upward trend became more marked following the spread of news regarding Blackrock’s initiative on various social media platforms. Nevertheless, the specifics of Blackrock’s plans for the Ishares ETH trust remain to be disclosed in the future.
What are your perspectives on Blackrock’s recent registration in Delaware? We invite you to share your views and analyses on this topic in the comments section below.
Frequently Asked Questions (FAQs) about Blackrock Ethereum Trust
Blackrock’s Ishares Ethereum Trust is a recent filing with the Delaware Division of Corporations, indicating the company’s move towards possibly launching a spot ethereum exchange-traded fund (ETF).
The filing of the Ishares Ethereum Trust by Blackrock suggests the company’s preparations for introducing a spot ether ETF, pending regulatory approval.
Who confirmed the legitimacy of Blackrock’s filing?
James Seyffart, a Bloomberg ETF analyst, confirmed the legitimacy of Blackrock’s filing on the social platform X, verifying it as a real entity registered in Delaware.
What has been the market reaction to Blackrock’s Ethereum Trust filing?
Following Blackrock’s Ethereum Trust filing, the value of ethereum (ETH) saw a significant uptick, rising over 5% and briefly crossing the $2,000 mark.
What is the current status of Blackrock’s spot bitcoin ETF initiative?
As of the last update, Blackrock’s application for a spot bitcoin ETF, submitted on June 15, 2023, is still awaiting a decision from the U.S. Securities and Exchange Commission (SEC).
More about Blackrock Ethereum Trust
- Blackrock’s Ethereum Trust Filing
- Blackrock and Cryptocurrency ETFs
- James Seyffart’s Confirmation on Ethereum Trust
- Ethereum Market Response to Blackrock Filing
- Blackrock’s Bitcoin ETF Application
5 comments
Ethereum’s price jump makes sense now, news like this always stirs the market. let’s hope it stabilizes soon.
wow, Blackrock really going for it with Ether now? this could be huge for the market, especially if they get the ETF approved.
interesting move by Blackrock, but isn’t it a bit risky given the current volatilty in the crypto space? gotta wait and see i guess.
Not surprised by this, big players have been eyeing Ethereum for a while. Could be a game changer if the ETF goes through. fingers crossed!
Blackrock’s dive into crypto is a sign of mainstream adoption, but I’m curious about the SEC’s response to this. their bitcoin ETF is still pending after all…