In its ongoing efforts to integrate digital asset services, BlackRock, a $9 trillion asset management company, has successfully registered an Ethereum Trust in Delaware. Bloomberg analyst Eric Balchunas verified the existence of BlackRock’s iShares Ethereum Trust in a communication on the platform now known as X, formerly Twitter.
Earlier in the year, BlackRock garnered attention by revealing its submission for a Bitcoin ETF spot with the US Securities and Exchange Commission (SEC). Following this announcement, BlackRock’s iShare Bitcoin Trust was officially registered just a week before the groundbreaking ETF filing.
JUST IN: 🇺🇸 $9 trillion asset manager BlackRock registers Ethereum Trust in Delaware.
— Watcher.Guru (@WatcherGuru) November 9, 2023
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BlackRock Registers for iShares Ethereum Trust in Delaware
BlackRock, a leading global asset management company, has added excitement and interest to the digital asset sector. Notably, the company generated attention by revealing its submission for a Spot Bitcoin ETF with the SEC this year. Approval of this application would signify the first exchange-traded fund of its kind in the United States.
Continuing its exploration of digital asset opportunities, BlackRock has now registered a Trust related to another prominent cryptocurrency in Delaware. Speculation about this filing had circulated, and Bloomberg analyst Eric Balchunas confirmed the development in a post on X, characterizing it as the “initial step towards pursuing a spot Ether ETF.
The speculation surrounding BlackRock’s potential submission for a spot Ether ETF has been a topic of discussion among experts for a considerable time. The submission of such an ETF would undeniably validate the firm’s standing in the industry, emphasizing its confidence in the long-term prospects and influence of digital assets.
Despite BlackRock consistently expressing optimism about the potential of Bitcoin, the SEC remains a hurdle for the approval of the first such offering in the United States. Nevertheless, there is widespread anticipation that this situation will evolve, with approval anticipated to materialize at some point later this year.
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