IMPORTANT POINTS:
- BlackRock registered an Ethereum trust called iShares Trust in Delaware.
- Ether rose 7%, reaching $2,105 following the news.
- BlackRock has not commented on the filing.
The cryptocurrency Ethereum (ETH) has seen an impressive rise, surpassing the $2,000 mark, following the news that asset management giant BlackRock has registered an Ethereum trust called iShares in the state of Delaware.
The revelation of this significant move in a Thursday filing signals a possible new chapter in the institutional adoption of cryptocurrencies.
iShares Ethereum Trust
The documentation was submitted by an entity called BlackRock Advisors. The registered agent, according to the file, is Daniel Schwieger. This name matches that of a CEO who appears on LinkedIn under the company BlackRock.
A BlackRock representative, however, declined to comment on the matter.
The price of Ether, which was already showing positive behavior in line with the general rally of the cryptocurrency market, increased even more with the spread of this news, rising approximately 7% during the session.
