BlackRock Registers Ethereum Trust in Delaware: Reports
11/09/2023 23:07
Ethereum rose to above $2,000 after reports surfaced that BlackRock launched an Ethereum Trust in Delaware.
The world’s largest investment manager has applied to launch an Ethereum Trust even as investors await the approval of its US Bitcoin spot exchange-traded fund. The iShares Ethereum Trust was apparently registered by an entity who is a member of BlackRock advisors.
Since the news broke, Ethereum has risen above $2,000. The individual who filed the application is appears to be a BlackRock managing director Daniel Schwieger.
Earlier this year, BlackRock filed to launch a Bitcoin spot ETF in the US. The US Securities and Exchange Commission is reviewing the application.
This is a developing story.
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David Thomas, a seasoned electronic engineer with nine years of expertise, has built a distinguished career by combining his passion for writing with an in-depth understanding of rapidly evolving industries. As a dedicated journalist at BeInCrypto, David leverages his strong technical background and university-honed skills to make the complex cryptocurrency market accessible and engaging for all readers.
David Thomas, a seasoned electronic engineer with nine years of expertise, has built a distinguished career by combining his passion for writing with an in-depth understanding of rapidly evolving industries. As a dedicated journalist at BeInCrypto, David leverages his strong technical background and university-honed skills to make the complex cryptocurrency market accessible and engaging for all readers.
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