BlackRock has officially filed an application with the US Securities and Exchange Commission (SEC) to create a spot Ethereum ETF.
IN Form S-1filed with the SEC, said that the iShares Ethereum Trust is intended to “broadly reflect the price performance of Ethereum.”
The S-1 comes a week after BlackRock registered the iShares Ethereum Trust with the Delaware Division of Corporations. Nasdaq later filed to register the proposed exchange-traded fund, confirming that BlackRock was working on it.
Against the backdrop of this news, the price of Ethereum increased by almost 2%. At the time of writing, the asset is trading near $2090:
On November 13, information about the iShares XRP trust, registered with BlackRock, appeared on the website of the Delaware Department of State’s Division of Corporations. However, the company later denied this.
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