BlackRock files to launch a spot Ethereum ETF

On the Delaware Department of State’s Division of Corporations website appeared an application from investment giant BlackRock to launch iShares Ethereum Trust — a spot ETF based on the second-largest cryptocurrency.

No related documents are yet available on the U.S. Securities and Exchange Commission (SEC) website.

In June the firm also filed an application to launch a Bitcoin-based ETF. At that time, the information on the SEC site appeared seven days after Delaware registration.

As of the end of 2022, BlackRock’s assets under management totaled $8.59 trillion.

Earlier, Ethereum retested the $2,000 level. 

In October, BlackRock managing director Steven Shonfield expressed hope that the SEC would register the first spot Bitcoin ETF within three to six months.