BlackRock is pushing forward with plans for a possible spot ether ETF.
This comes after the asset manager filed a 19b-4 last week, showing that the spot ether ETF would be listed on Nasdaq. It filed the S-1 with the Securities and Exchange Commission on Wednesday.
A 19b-4 is an SEC form noting rule changes.
Last Thursday, Nasdaq filed for the iShares Ethereum Trust after BlackRock filed in Delaware for the entity.
According to the S-1, essentially a registration statement to the SEC, the proposed ETF “seeks to reflect generally the performance of the price of ether.”
BlackRock’s move into the spot ether ETF race comes months after it jumped into the spot bitcoin ETF race.
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