BlackRock, the world’s largest asset manager, has applied to launch a spot Ether exchange-traded fund (ETF) on the Nasdaq stock exchange, according to a Thursday filing.
See related article: Ether breaches US$2,000 as BlackRock registers iShares Ethereum Trust entity
Fast Facts
- Earlier on Thursday, BlackRock, the world’s largest asset manager, registered the iShares Ethereum Trust as an entity in Delaware, hinting it may be filing for a spot Ether ETF.
- The Ether ETF application listed Coinbase Custody as the custodian and an unnamed entity as a “cash custodian.”
- BlackRock filed for a spot Bitcoin ETF in the U.S. back in June. The U.S. Securities and Exchange Commission (SEC) accepted BlackRock’s application for review in July.
- Thursday marked the start of an eight-day period for the SEC to “theoretically approve” pending spot Bitcoin ETF applications.
- Ether rose 9.5% in the 24 hours leading up to 4:40 p.m. in Hong Kong, to trade at US$2,096. The world’s second-largest cryptocurrency rose to US$2,134 earlier on Friday, reaching its highest price level since May 2022, according to CoinMarketCap.
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