BlackRock has officially applied to the US Securities and Exchange Commission to create an ethereum spot ETF.
He Form S-1 filing with the SEC said that the iShares ethereum Trust aims to “broadly reflect the price performance of ethereum.”
The S-1 form comes a week after BlackRock registered the iShares ethereum Trust with the Delaware Division of Corporations. The Nasdaq exchange filed to register the proposed exchange-traded fund, confirming that BlackRock was working on it.
Against the backdrop of this news, the price of ethereum (eth) rose by almost 1.4%. At the time of writing, the asset is trading near $2,038.
<img decoding="async" width="1428" height="840" src="https://crypto.news/app/uploads/2023/11/Screenshot-2023-11-16-at-15.58.25.png” alt=”BlackRock Files for ethereum Spot ETF – 1″/>
On November 13, information about the iShares XRP trust, registered with BlackRock, appeared on the Delaware Department of State Division of Corporations website. However, the company later denied this.
It was also learned that the SEC postponed Hashdex’s creation application to convert the bitcoin futures ETF into a spot ETF. The agency also postponed the deadline to decide on Grayscale’s application to launch an ethereum futures ETF.
