BlackRock appears set to propose a spot ether ETF
A filing for an iShares Ethereum Trust appeared on Delaware’s state website Thursday
BlackRock could jump into the race for a spot ether ETF soon after the asset management giant proposed a bitcoin fund in June, a Thursday disclosure suggests.
A filing for an iShares Ethereum Trust appeared on the website for Delaware’s department of state Thursday.
The filing could signal the finance giant, which manages about $9 trillion in assets, plans to propose such an offering to the US Securities and Exchange Commission. It appears no formal proposal has been made to the regulator.
A BlackRock spokesperson declined to comment.
BlackRock filed with the SEC to launch a spot bitcoin ETF on June 15. A disclosure for that planned iShares Bitcoin Trust, however, had appeared on Delaware’s website on June 8.
Ether’s price was at about $2,030 at 10:30 am ET — up more than 8% in the last 24 hours.
Read more: Another ether ETF launches — where do the rest stand?
BlackRock would join several other issuers seeking to offer an ETF that holds ETH directly, including Ark Invest and 21Shares , as well as VanEck.
Grayscale Investments moved on Oct. 2 to convert its Ethereum Trust into a spot ether fund. Hashdex and Invesco also have filings in front of the SEC to launch spot ether products.
Updated Nov. 9, 2023 at 10:50 am ET: Modified for additional context.
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