The Securities and Exchange Commission (SEC) has received a registration statement from BlackRock for an exchange-traded fund (ETF) that will hold ETH, the native token of the Ethereum network. The iShares Ethereum Trust, structured as a Delaware statutory trust, will hold ETH as its primary asset and issue shares to investors that will be listed and traded on Nasdaq. The Trust aims to reflect the performance of the price of ether and will value its ether holdings based on the CF Benchmarks Ether-Dollar Reference Rate index. BlackRock’s affiliate, iShares Delaware Trust Sponsor LLC, is the sponsor of the Trust, while BlackRock Fund Advisors will serve as the trustee. Coinbase Custody will act as the custodian for the Trust’s ETH, and Coinbase will also serve as the prime broker. The Trust may hold rights to acquire other digital assets through forks, airdrops, or similar events related to its ether holdings, but the sponsor has discretion on whether to claim these assets. The filing highlights various risks associated with investing in the Trust and ether, including volatility risk, security threats, regulatory uncertainty, and competition from other digital assets and blockchain platforms. The SEC will now review the proposed ether ETF, and BlackRock’s involvement could potentially influence regulators towards approving a spot crypto ETF in the US.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	None
Companies	BlackRock, Securities and Exchange Commission (SEC), BlackRock Fund Advisors, Coinbase Custody, iShares Delaware Trust Sponsor LLC
Currencies	Ethereum
Securities	None