IMPORTANT POINTS:
- The world’s largest investment firm has asked the US body to approve a spot Ethereum ETF.
- BlackRock had also filed a Bitcoin ETF with the SEC and is still awaiting a response from the United States Securities and Exchange Commission.
- The news once again impacted the price of Ethereum, which was currently rising more than 1% to once again be above $2,000.
BlackRock, the world’s largest investment and financial management company, revealed yesterday that it has filed with the SEC to launch an Ethereum spot ETF.
The company filed the famous S-1 form with the regulatory body, in which it expressed the requirement to expose an ETF called iShares Ethereum Trust. The goal is to “reflect, in general, the performance of the price of ether.”
It should be remembered that the same investment firm had requested, two months ago, a cash Bitcoin ETF, something that the United States Securities and Exchange Commission had not yet approved.
The news once again had an impact on the price of Ethereum, which shot up to almost USD 2,100, and then cut part of the gains and is currently at USD 2,030.
Something important to note is that it could take several months for the agency to approve the Ethereum spot ETF and even longer due to the SEC’s skepticism towards cryptocurrencies.
