BlackRock Ethereum Records Confidence, Ethereum Rises to $2,000
The world's largest investment manager has filed to launch an Ethereum trust, even as investors await approval from the US Bitcoin Spot exchange-traded fund. The iShares Ethereum Trust appears to be registered by a member of BlackRock Advisors.
Since the news broke, Ethereum has risen over $2,000. The person who made the application appears to be BlackRock Managing Director Daniel Schwiger.
Earlier this year, BlackRock filed to launch a Bitcoin spot ETF in the US. The US Securities and Exchange Commission is reviewing the application.
This is a developing story.
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