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With strong confidence that its Bitcoin spot ETF will be approved by January 2024, BlackRock has filed an application for a spot ETH ETF. Leading global asset management company BlackRock Inc (NYSE: BLK) says the Securities and Exchange Commission (SEC) will approve its Bitcoin (BTC) spot ETFs in January 2024, Fox
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ETH price surge is not only attributed to BlackRock’s move but is also complemented by a resurgence in Ethereum network activity. 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
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The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year.BlackRock’s intention to file for an Ethereum spot ETF
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COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded
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Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial
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Bitcoin hit an 18-month high near $38,000 before pulling back sharply. Source
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Global asset management behemoth BlackRock has signaled interest in expanding its cryptocurrency fund offerings with a recent filing that indicates a possible proposal for an Ethereum-based ETF. BlackRock, the world’s largest asset manager, is laying the groundwork for a potential spot Ethereum exchange-traded fund (ETF). The evidence pointing to this development
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BlackRock has apparently registered an Ethereum trust in the state of Delaware, which is possibly a first step toward an Ether (ETH) spot exchange-traded fund (ETF). BlackRock registered an analogical Bitcoin (BTC) trust in June, shortly before filing with the United States Securities and Exchange Commission (SEC) for a Bitcoin ETF. The
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Move over Bitcoin ETF, it is time for Ethereum to take the center stage. $9 trillion asset manager BlackRock has revealed its intention
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BlackRock declined to comment on the filing. Source
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