Asset management giant BlackRock has taken a significant step towards launching an exchange-traded fund (ETF) based on the cryptocurrency ether. The company’s iShares division has registered the iShares Ethereum Trust with the state of Delaware, following a similar approach taken earlier this year with a Bitcoin-based ETF. This move suggests that BlackRock is preparing to submit an ether ETF application to the Securities and Exchange Commission (SEC) in the near future. If approved, an ether ETF would provide individual investors with easy access to the second-largest cryptocurrency by market capitalization, without the need to directly hold the asset. BlackRock’s size and influence could potentially help persuade regulators to open the door for an ether spot ETF. As the world’s largest asset manager with nearly $10 trillion under management, BlackRock’s involvement in the crypto space carries significant weight and could contribute to broader mainstream adoption. While the SEC has previously rejected applications for spot bitcoin or ether ETFs, changing leadership and market conditions have raised hopes for a more favorable stance. With BlackRock gearing up for an imminent ether fund, the long wait for a crypto ETF may soon come to an end.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	1
People	None
Companies	iShares, BlackRock, Securities and Exchange Commission (SEC)
Currencies	Lido Staked Ether
Securities	None