BlackRock, the world’s largest asset manager, has filed a registration statement and prospectus with the Securities and Exchange Commission (SEC) for an Ethereum-based exchange-traded fund (ETF). The proposed ETF, called the iShares Ethereum Trust, will directly hold Ethereum and track its price before fees and expenses. The ETF’s net asset value (NAV) will be calculated using the CME CF Ether-Dollar Reference Rate index. Coinbase Custody Trust Company will serve as the custodian for Ethereum holdings, while an unnamed custodian will hold cash. The ETF aims to provide investors with the convenience of trading through traditional brokerage accounts and the ability to avoid the complexities of digital asset wallets and keys. BlackRock has discretion over how to handle forks and airdrops, and can abandon assets from these events. The management fee and additional expenses were not disclosed in the filing. Ethereum will be periodically sold to cover fees, resulting in taxable events for shareholders. The ETF plans to list on the Nasdaq under an unnamed ticker, although no launch date has been provided. If approved by the SEC, BlackRock’s Ethereum ETF could have a significant impact on institutional adoption and trading volumes in the cryptocurrency market.

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