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.
Source: Cryptocurrency
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