BlackRock, the world’s largest asset management company, officially submitted a spot Ethereum exchange-traded fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) on November 15.
BlackRock’s move comes nearly a week after it registered the iShares Ethereum Trust with the Delaware Division of Corporations, and nearly six months after it filed an application for a spot Bitcoin ETF.
In a sign of growing institutional interest in the cryptocurrency market, the world’s largest asset manager launched a spot Bitcoin ETF craze earlier this year, joining a growing number of institutions applying for a spot ETH ETF within six months.
This is a developing story and more information will be added as it becomes available.
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