Following BlackRock’s official filing of Spot ethereum with Nasdaq, reports have confirmed that BlackRock’s Ether ETF plan has been confirmed by Nasdaq and is on its way to the US SEC for final approval.
BlackRock ethereum Spot ETF Confirmed
American multinational investment company, Black Rock has been making waves in the crypto space after news spread of NASDAQ listing investment firm, iShares Ether Trust’s ethereum Spot ETF in Delaware.
“BlackRock ethereum ETF confirmed. They just filed a 19b-4 filing with Nasdaq,” Jeff Seyffart, Bloomberg research analyst. fixed.
While BlackRock’s Spot bitcoin ETF proposal has yet to be approved by the United States Securities and Exchange Commission (SEC), the $9 trillion asset management company has turned its attention to ethereum-etf-with-mixed-filing/” rel=”nofollow”>ethereum Spot ETF while awaiting the SEC’s final decision on bitcoin-spot-etf-rugpull/” rel=”nofollow”>Spot bitcoin ETFs.
the news of Nasdaq ethereum ETF Presentation This is an important step forward for BlackRock’s move into the world of ETFs. Although the investment company remains silent on eth ETF reports flowing through the space, the possibility of a ethereum-etf-breakout-to-new-ath-seen/” rel=”nofollow”>Ether Spot ETF Approval could be a sign of SEC approval of spot bitcoin ETFs in the future.
Many cryptocurrency enthusiasts have predicted that the ethereum-etf-filings-await-sec-green-light/” rel=”nofollow”>US SEC can continue its efforts to stop the growth of bitcoin Spot ETFs by rejecting BlackRock’s Ether Spot ETF filing.
However, in the event that the regulatory body approves the asset management company’s ethereum Spot ETF, bitcoin-etf-video-contradicts-sec-gensler-stance/” rel=”nofollow”>the second You could face possible contradictions in your decision-making processes. Acceptance of eth spot ETFs would be in stark contrast to the previous disapproval of bitcoin spot ETFs.
Currently, the crypto community has been largely positive, as market metrics point to a possible rally in altcoins following the confirmation of BlackRock’s ethereum Spot ETF.
A crypto member has fixed that the asset management company’s move to Ether Spot ETFs indicates strategic confidence to ensure approval for Spot bitcoin ETF in the future.
eth price soars
Following the news that NASDAQ listed BlackRock’s ethereum Spot ETF, the price of eth has risen more than 9% and is currently trading at $2,086.92 according to ethereum/” rel=”nofollow”>CoinMarketCap.
Reports of the ethereum Spot ETF filing have sparked a cryptocurrency rally, surpassing $2,000 for the first time since April of this year. eth market volume also increased by 171.53%.
Many cryptocurrency investors expect more positive developments in cryptocurrency regarding ethereum Spot ETF as an official approval may indicate a possible long-term bull run for eth.
<img decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/eqOxYrXX/" alt="Tradingview.com ethereum Price Chart (BlackRock Spot ETF)” width=”2650″ height=”1742″ loading=”lazy”/>
eth bulls retest $2,100 | Source: ETHUSD on Tradingview.com
Featured image from BlockWorks, chart from Tradingview.com
