BlackRock, the world’s largest asset manager, is planning to create an ETF that holds Ethereum’s ether (ETH), further solidifying its commitment to cryptocurrencies. The announcement caused the price of ETH to surge, reaching its highest level of the day at around $2,100, a 3% increase from before the filing was made public. However, the price later retreated by about half of that gain, but still remains 9% higher than 24 hours prior. Nasdaq, the U.S. exchange, will be the platform where BlackRock intends to list the product, pending regulatory approval. Earlier on Thursday, it was revealed that “iShares Ethereum Trust,” the corporate entity of BlackRock’s ETF division, had been registered in Delaware. This move by BlackRock signifies its growing interest in the cryptocurrency market and its belief in the potential of Ethereum.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	1
People	None
Companies	BlackRock, Nasdaq, iShares Ethereum Trust
Currencies	Ethereum
Securities	None