ETH crosses $2k as BlackRock’s Ethereum Trust ETF filing surfaces
BlackRock has registered the iShares Ethereum Trust in Delaware, marking the first step towards filing for a spot Ether ETF, similar to its iShares Bitcoin Trust registration. This move could signal a pivotal moment for Ethereum.
The SEC's hesitance to approve Bitcoin ETFs, including the iShares Bitcoin ETF, has led to uncertainty in BlackRock's iShares Ethereum Trust registration. This could potentially lead to a cycle of applications, approvals, delays, and rejections. BlackRock's move could signal a pivotal moment for Ethereum, highlighting its potential as an asset class in institutional investment portfolios.