BlackRock (BLK), the world’s largest asset manager, has filed an S-1 form with the U.S. Securities and Exchange Commission to issue a spot ether (ETH) exchange-traded fund.
The Ether ETF, dubbed the iShares Ethereum Trust, aims to “reflect generally the performance of the price of Ether,” read the S-1 filed with the SEC. The iShares brand is associated with BlackRock’s ETF products, with its Bitcoin ETF called the iShares Bitcoin Trust. The trust appoints Coinbase as the custodian for the underlying ETH.
As CoinTelegraph reports , the move by BlackRock comes nearly a week after it registered the iShares Ethereum Trust with Delaware’s Division of Corporations and almost six months after it filed its spot Bitcoin ETF application.
Interestingly, as CoinTelegraph reports, the potential influence of was also brought up during the investor call. Galaxy Digital’s CEO said the possible approval of an Ether spot ETF might not […]
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