{"id":64096,"date":"2023-11-09T16:38:55","date_gmt":"2023-11-09T20:38:55","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=64096"},"modified":"2023-11-09T16:40:11","modified_gmt":"2023-11-09T20:40:11","slug":"blackrock-files-first-ethereum-spot-etf","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blackrock-files-first-ethereum-spot-etf\/","title":{"rendered":"BlackRock Files First Ethereum Spot ETF"},"content":{"rendered":"\n

BlackRock files for ETH spot ETF registration<\/a> in Delaware, setting a pace that may see the firm extend its application to the SEC soon.<\/p>\n\n\n\n

\"BlackRock
BlackRock Files First Ethereum Spot ETF<\/figcaption><\/figure>\n\n\n\n

Global asset management behemoth BlackRock has filed a document hinting at a potential proposal for an Ethereum-based exchange-traded fund, indicating interest in growing the range of cryptocurrency funds it offers.<\/p>\n\n\n\n

The biggest asset manager in the world, BlackRock, is preparing the way for a possible Ethereum exchange-traded fund<\/a> (ETF). A recent filing for an iShares Ethereum (ETH) Trust made public on the Delaware Department of State's website serves as evidence for this development.<\/p>\n\n\n\n

This means that BlackRock, which manages almost $9 trillion in assets, is considering submitting a proposal for an Ethereum ETF to the Securities and Exchange Commission<\/a> (SEC) of the United States. But as of now, the SEC has not received any formal proposals.<\/p>\n\n\n\n

\n

BlackRock has made first step towards filing for a spot Ether ETF. I just confirmed on the website myself. Nice catch by @SummersThings\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> https:\/\/t.co\/mLKIhKdiI6<\/use><\/svg><\/span><\/a><\/p>— Eric Balchunas (@EricBalchunas) November 9, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

This submission is in line with BlackRock's earlier foray into the Bitcoin ETF market. The asset manager filed with the SEC to create a spot Bitcoin ETF on June 15, with an early disclosure for the iShares Bitcoin Trust appearing on Delaware's website a week earlier.<\/p>\n\n\n\n

BlackRock's possible entry into Ethereum-based products comes at the same time that the price of ether has surged, up more than 8% in the last 24 hours as of the filing day, to almost $2,030.<\/p>\n\n\n\n

BlackRock would follow several other financial organizations that have started such initiatives if it proceeds with a spot Ethereum ETF. Additionally, companies like VanEck, 21Shares, and Ark Invest have been working to provide ETFs with direct Ether holdings.<\/p>\n\n\n\n

In this regard, Grayscale Investments <\/use><\/svg><\/span><\/a>has also taken the initiative; on October 2, it started converting its Ethereum Trust into a spot Ether fund. Several other businesses, including Hashdex and Invesco, have also filed SEC forms to introduce their own spot ether products<\/p>\n","protected":false},"excerpt":{"rendered":"

BlackRock files for ETH spot ETF registration in Delaware, setting a pace that may see the firm extend its application to the SEC soon. Global asset management behemoth BlackRock has filed a document hinting at a potential proposal for an Ethereum-based exchange-traded fund, indicating interest in growing the range of cryptocurrency funds it offers. The […]<\/p>\n","protected":false},"author":43,"featured_media":64098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1520,940],"class_list":["post-64096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blackrock","tag-etf"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/croc_1699560020249.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=64096"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64098"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=64096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=64096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=64096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}