The world’s largest investment manager has applied to launch an Ethereum Trust even as investors await the approval of its US Bitcoin spot exchange-traded fund. The iShares Ethereum Trust was apparently registered by an entity who is a member of BlackRock advisors.
Since the news broke, Ethereum has risen above $2,000. The individual who filed the application is appears to be a BlackRock managing director Daniel Schwieger.
Earlier this year, BlackRock filed to launch a Bitcoin spot ETF in the US. The US Securities and Exchange Commission is reviewing the application.
This is a developing story.
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