BlackRock Applies for Ether ETF, Expands Crypto Market Presence
Summary:
BlackRock, the world's leading asset management company, has officially applied for an Ether Exchange Traded Fund (ETF) with the U.S. Securities and Exchange Commission. This follows their registration of the iShares Ethereum Trust in Delaware and their application for a Bitcoin ETF six months ago. The firm's actions highlight the growing institutional interest in the crypto market. Further developments on this story will be reported as they occur.
On November 15, BlackRock, the biggest asset management firm globally, made an official application to the United States Securities and Exchange Commission (SEC) for an Ether Exchange Traded Fund (ETF). BlackRock's move comes only days after the registration of the iShares Ethereum Trust with the Division of Corporations at the Delaware Department of State and half a year after applying for a Bitcoin ETF. BlackRock, earlier this year, initiated the Bitcoin ETF craze, highlighting the crypto market's increasing appeal to institutions. Within six months, it added itself to the increasing roster of institutions applying for an Ether ETF. The story is ongoing, and more details will be supplied as and when they become available.
Published At
11/16/2023 12:02:46 PM
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