LATEST: BlackRock Explores Ether ETF Following Bitcoin Fund Proposal

BlackRock, a $9 trillion asset management giant, may enter the race for an Ethereum Exchange-Traded Fund (ETF) after proposing a Bitcoin fund in June. A filing for an “iShares Ethereum Trust” has emerged on Delaware’s state website, hinting at BlackRock’s intentions to approach the US Securities and Exchange Commission with such an offering. Notably, no formal proposal has been submitted yet. Ether’s price surged over 8% in the last 24 hours, currently at $2,030. If approved, BlackRock would join Ark Invest, 21Shares, VanEck, and others in offering an ETF directly linked to ETH.

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