BlackRock Nears Ethereum Spot ETF with SEC Filing
BlackRock files with SEC for Ethereum ETF listing on Nasdaq via 19b-4 after registering Ethereum Trust - would provide direct Ether exposure.
Asset management giant BlackRock, requested the Securities and Exchange Commission (SEC) approve the listing of the BlackRock Ethereum Trust on the Nasdaq exchange, according to a recent 19b-4 filing.
UPDATE: BlackRock #Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq pic.twitter.com/pLhuhhK7jo
— James Seyffart (@JSeyff) November 9, 2023
This is the first official Ethereum ETF application by BlackRock after the company registered its iShares Ethereum Trust with Delaware earlier today. That initial registration hinted an SEC filing was imminent.
BlackRock’s Ethereum ETF would allow investors to gain direct exposure to the price of Ether. This differs from existing products like the Grayscale Ethereum Trust ($ETHE), which trades based on a derivative.
Ethereum’s native token ETH is up 9% over the past 24 hours, according to CoinGecko.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
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