BlackRock, the world’s largest asset manager, has officially filed for an Ether exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF, called the iShares Ethereum Trust, aims to track the performance of the price of Ether. This move comes after BlackRock registered the iShares Ethereum Trust with Delaware’s Division of Corporations. BlackRock had previously started the rush for spot Bitcoin ETFs in 2023, and now it joins the growing list of institutions filing for a spot ETH ETF. The chances of approval for a spot Bitcoin ETF by early 2024 are predicted to be as high as 90%, while approval for the spot ETH ETF may come after that.
Summary:
– BlackRock files for an Ether ETF with the SEC.
– The ETF aims to track the performance of Ether’s price.
– BlackRock previously registered the iShares Ethereum Trust with Delaware’s Division of Corporations.
– The chances of approval for a spot Bitcoin ETF by early 2024 are high.
– Approval for the spot ETH ETF may come after that.
