BlackRock Registers Ethereum Trust in Delaware

Continuing its implementation of digital asset services, the $9 trillion asset management firm BlackRock has registered for an Ethereum Trust in Delaware. Indeed, Bloomberg analyst Eric Balchunas confirmed the firm’s iShares Ethereum Trust in a post to X, formerly Twitter.

BlackRock made waves when it announced its filing for a spot Bitcoin ETF with the US Securities and Exchange Commission (SEC) earlier this year. Subsequently, BlackRock’s iShare Bitcoin Trust was registered just one week before the landmark ETF filing.

Also Read: BlackRock iShares Bitcoin Trust Relisted on the DTCC

BlackRock Registers for iShares Etheruem Trust in Delaware

One of the largest asset management firms in the world, BlackRock, has continued to add excitement and intrigue to the digital asset industry. Specifically, the firm made waves when it announced its filing for the Spot Bitcoin ETF with the SEC this year. Indeed, a potential approval would mark the first such exchange-traded fund in the United States.

Now, BlackRock has continued to explore its digital asset options, as it has registered an Ethereum Trust in Delaware. The reports originally began swirling around a potential filing. Ultimately, Bloomberg analyst Eric Balchunas confirmed the news in a post to X, calling it the “first step towards filing for a spot ETher ETF.”

Source: Financial News London

Also Read: SEC Charges BlackRock with Failing to Disclose Investments

BlackRock’s eventual filing of a spot Ether ETF has long been pondered by pundits. However, the arrival of such a filing would certainly legitimize the firm’s position within the industry. Subsequently, it reinforces the asset managers’ belief in its long-term potential and impact.

Since its Bitcoin ETF filing, the asset manager has continually praised the asset’s potential. However, the SEC still stands in the way of the first approval of such an offering in the country. Yet, many expect that to change, with approval predicted to occur at some point this year.

  • Blackrock

Comments

Post a Comment

Popular posts from this blog

Internet Computer (ICP) Price Prediction, What Do the Charts Suggest Today?

Image
Join Our Telegram channel to stay up to date on breaking news coverage ICP is currently down by 7.89% within 24 hours, trading at $7.26 today, February 20. Last month, the Internet Computer token traded at $4.60 on January 14 before closing the market the same day at $5.05.  From January 15 to 26, ICP traded between $4 and $5 until January 27, when it rose to $6.05. From that day, the token recorded little rallies and pullbacks until February 17, when the price rose to $7.32. It has maintained this price level till today, February 20.  Also, ICP reached an intraday high of $8.17 on February 19 before closing at $7.33. Even though the bearish pressure today has pushed the price down by 11%, the ICP community is optimistic about its potential to gain.  Internet Computer Price Prediction  Source: Tradingview.com Internet Computer (ICP) price is recording a slight pullback in the market today. After it traded at $7.32 on February 17, forming a long green candle on the daily ch
Read more

Bitcoin dominance hits 6-month lows as metric proclaims new 'alt season'

Image
BTC currently makes up 41% of the total crypto market cap — its smallest market share since January. Bitcoin (BTC) is facing fresh competition from altcoins this month as data shows that — technically — it is already "alt season." Figures from CoinMarketCap and TradingView show that BTC currently makes up around 41% of the overall crypto market capitalization — its lowest since the start of 2022. Bitcoin sheds market cap prowess After suffering at the hands of the Terra LUNA collapse, altcoin markets have rallied considerably in recent months.  Alongside Bitcoin's return from 18-month lows of $17,600 in June, altcoins have enjoyed their own renaissance, one which is now giving Bitcoin bulls a run for their money.  According to CoinMarketCap, Bitcoin's market cap share is now at its lowest since mid-January, with largest altcoin Ether (ETH) in particular stealing the limelight in recent weeks. From lows of 14.3% on June 19, Ethereum's market cap dominance now stan
Read more

Nic Carter Ranks Exchange Attestations And Proof-of-Reserves

Image
The top two crypto trading platforms by the proof-of-reserves score were Kraken and BitMEX, whereas Binance scored poorly due to its shortcomings. Bitcoin supporter Nic Carter has ranked the attestations supplied by some of the most well-known crypto trading platforms and published an in-depth review of centralized exchange proof-of-reserves. Carter thoroughly analyzed the proof-of-reserves from various exchanges (PoR). The cryptocurrency executive employed criteria including attestation to assets held and a declaration of liabilities, incorporation of a third-party auditor, establishing credibility by taking a PoR for all purchases, and commitment to a continuous process to identify which PoRs are of the highest quality. PoR scores of crypto exchanges. Source: Medium The top two cryptocurrency trading platforms were BitMEX and Kraken. Carter claims that Kraken, which used Armanino for its proof-of-reserves, provides clients with a “good level of confidence tha
Read more