BlackRock Files For Spot Ethereum ETF As Crypto ETF Race Heats Up ByLockridge OkothPRO INVESTOR Updated: 17 November 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Fund management titan BlackRock officially filed for a spot Ethereum ETF (exchange-traded fund) as the race to launch crypto ETF products gathers momentum. The $9 trillion asset manager filed for a spot Ethereum ETF after registering the iShares Ethereum Trust last week. If approved, the spot ETH ETF will list on NASDAQ. 🔥FACTS JUST IN🔥#BlackRock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the SEC. This move is to introduce a spot ethereum exchange-traded fund (ETF) on #Nasdaq…👀🔥 #Crypto #Ethereum #ETH #ETF pic.twitter.com/3CmWXaqsYn — All Facts Crypto (@AllFactsCrypto) November 16, 2023 BlackRock Driving Expectations Of Spot Crypto ETF Breakthrough BlackRock filed for a spot Bitcoin ETF back in June, a move that fanned market expectations of an eventual breakthrough for spot crypto ETF products. BlackRock’s interest in spot crypto ETFs has helped trigger a bull run in the crypto markets with Bitcoin and Ether up 28% and 24%, respectively, over the past month. Bloomberg ETF analysts say there’s a 90% chance that spot Bitcoin ETF will be approved by early January, with spot ETH ETFs likely sometime after that. Research firm Bernstein says approval of spot crypto ETFs will help crypto assets under management surge as much as 13-fold in the next five years to $650 billion. The crypto fund management industry is on the cusp of a transformation from a “cottage industry’’ into a sector with $50 billion in revenues over the period, it says. Also Read Spot Ethereum ETF-Styled ETHETF Token Unveils Massive Burn Program: Will It Trigger A 10X Explosion? Binance To Launch Crypto Exchange In Thailand With Thai Billionaire Sarath Ratanavadi Bitcoin Bulls Eye $40,000 As Bitcoin Minetrix Gains Momentum, Surpassing $4 Million In Its Stake-To-Mine ICO New Crypto Mining Platform - Bitcoin Minetrix Rating Audited By Coinsult Decentralized, Secure Cloud Mining Earn Free Bitcoin Daily Native Token On Presale Now - BTCMTX Staking Rewards - Over 100% APY Learn More Join Our Telegram channel to stay up to date on breaking news coverage
