BlackRock Registers Ethereum Trust, Potential Step Toward First Ether ETF
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BlackRock has apparently registered an Ethereum trust in Delaware, possibly a first step toward an Ether ETF.
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BlackRock registered a similar Bitcoin trust in June before filing with the SEC for a Bitcoin ETF.
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There have been previous SEC applications for ETH spot ETFs but none approved yet. Decisions pending.
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Grayscale applied to convert its Ethereum Trust to a spot ETF in October.
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BlackRock is the world's largest asset manager with around $9 trillion in assets under management. Its Bitcoin ETF is under SEC review.