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BlackRock Registers Ethereum Trust, Ethereum Rises to $2,000

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The world’s largest investment manager has applied to launch an Ethereum Trust even as investors await the approval of its US Bitcoin spot exchange-traded fund. The iShares Ethereum Trust was apparently registered by an entity who is a member of BlackRock advisors.

Since the news broke, Ethereum has risen above $2,000. The individual who filed the application is appears to be a BlackRock managing director Daniel Schwieger.

Earlier this year, BlackRock filed to launch a Bitcoin spot ETF in the US. The US Securities and Exchange Commission is reviewing the application.

This is a developing story.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

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