BlackRock’s Ethereum ETF Plan Is Confirmed in Nasdaq Filing

November 9, 2023
The Last Cryptocurency
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BlackRock wants to create an ETF that holds Ethereum’s ether (ETH), a plan that deepens the world’s largest asset manager’s commitment to cryptocurrencies.

The company’s plan was revealed in a filing by Nasdaq, the U.S. exchange where BlackRock will seek to list the product – which will need regulatory approval. Earlier Thursday, it emerged that the corporate entity “iShares Ethereum Trust” had been registered in the state of Delaware; iShares is the name of BlackRock’s ETF division.

BlackRock has already made waves in crypto by seeking to list a bitcoin ETF, the sort of easy-to-trade product that could dramatically broaden access to crypto to average investors.

Spot ether ETFs have failed to attract the same kind of demand as spot bitcoin ETFs. But that was a tall order, considering how immensely popular the bitcoin products have been. Headwinds include the lack of staking yield in the ETFs and a difficulty in marketing Ethereum to investors. For many investors, the performance of

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