Home Coin news BlackRock Ethereum ETF Plan Confirmed

BlackRock Ethereum ETF Plan Confirmed

10 Nov, 2023 Coin news

BlackRock Ethereum ETF Plan Confirmed

According to a 19b-4 form filing submitted to the United States Securities and Exchange Commission (SEC) on Nov. 9, Blackrock's plans for a spot Ethereum exchange-traded fund (ETF) have now been confirmed.

Nasdaq submitted the 19b-4 form to the SEC on behalf of the $9 trillion asset management firm for an ETF referred to as the "iShares Ethereum Trust."

The move signals BlackRock's intention to expand its ETF ambitions beyond Bitcoin.

On Nov. 9, it was revealed that BlackRock had registered corporate entity iShares Ethereum Trust in Delaware, the first indication that a spot Ethereum ETF filing was imminent.

Over the last few months, BlackRock and other financial firms have expressed interest in cryptocurrency-backed ETFs.

According to Bloomberg ETF analyst James Seyffart, at least five companies are vying for the SEC's approval for a spot Ethereum ETF.

VanEck, ARK 21Shares, Invesco, Grayscale, and Hashdex are among them.

According to CoinGecko, ETH is up 10.1% in the last 24 hours after rising 8.9% to $2080 on news that BlackRock is moving forward with plans for an iShares Ethereum Trust.

Sources:

https://cointelegraph.com/news/blackrock-enters-race-spot-ethereum-etf-nasdaq-filing

https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2023-045.pdf

https://twitter.com/JSeyff/status/1722727779186119074

https://www.coingecko.com/en/coins/ethereum

Back to Coin news
Related articles
Dogecoin Open Interest Exceeded $1.4 Billion

Coin news

Dogecoin Open Interest Exceeded $1.4 Billion

Memecoins Record 3,000% Surge in Weekly Volume

Coin news

Memecoins Record 3,000% Surge in Weekly Volume

Seneca Hacker Returns $6 Million Stolen Crypto

Coin news

Seneca Hacker Returns $6 Million Stolen Crypto

Solana Eyes $600 Price in Next Crypto Bull Run

Coin news

Solana Eyes $600 Price in Next Crypto Bull Run

Don’t miss any crypto news

Subscribe to our Newsletters - the best way to stay informed about the crypto world. No spam. You can unsubscribe anytime.

By sharing your email, you consent to receiving BITmarket’s newsletter. Read how we process your data in our Privacy policy

You’ve made us very happy 😊

Subscribe to our Newsletters - the best way to stay informed about the crypto world. No spam. You can unsubscribe anytime.

Something went wrong 😔

If your problem persists please try contact our support