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Chinese crypto blogger and journalist Colin Wu tweeted that fund management giant BlackRock, with trillions of dollars in assets under management, has submitted an application to the US regulator SEC to launch a spot Ethereum exchange-traded fund.
The company filed an S-1 filing on November 15. Before that, a week ago, BlackRock filed the same request with the SEC through the Nasdaq market. Back then, the second-largest cryptocurrency, ETH, responded by rising above the high of $2,100.
Now, with the news of BlackRock filing directly with the SEC, the price also began to grow, printing a large green hourly candle on the ETH/USD chart. At the time of writing, Ethereum is changing hands at $2,079.
Earlier this year, BlackRock also filed with the SEC to launch a spot Bitcoin ETF. The regulator is currently reviewing around a dozen one-off Bitcoin ETF applications, and has so far delayed a decision on three of them (BlackRock is not among them).
Still, many experts believe that in early January 2024, the regulator will approve those BTC funds.
Despite news of some delays in Bitcoin ETFs, the price of the world’s largest cryptocurrency, Bitcoin, soared to a high of $37,774 on the Bitstamp exchange on Wednesday.
