After a few weeks of speculation following the registration of the iShares ethereum Trust in Delaware, BlackRock filed the S-1 prospectus for the product with the SEC.
This is the second cryptocurrency-related exchange-traded fund the company wants to launch following its bitcoin spot ETF filing.
- CryptoPotato reported last week when the largest asset manager registered a corporation called “iShares ethereum Trust” in Delaware, signaling its intentions to apply for a spot ETF that tracks the performance of the second-largest cryptocurrency.
- Earlier today, the financial giant officially filed the S-1 user information with the United States securities regulator.
- As with the bitcoin application, which was filed in June this year, BlackRock named Coinbase as custodian of the underlying eth.
- The filing does not mention whether the Trust will actively stake eth and distribute dividends to shareholders from the performance.
- Recall that last week’s iShares ethereum Trust registration had an instant impact on the price of eth, which skyrocketed $200 within hours. Now, however, the largest altcoin sits quietly below $2,100 after a market-wide rally in the past 24 hours.
- It’s also worth noting that while BlackRock had filed for spot ETFs tracking btc and eth, the company refuted recent rumors that it had such intentions for a Ripple (XRP) spot ETF.
- This came amid reports that BlackRock had registered an XRP Trust in Delaware. The case was recently handed over to local authorities.
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