An investment firm with trillions of dollars in assets under its management is registering an Ethereum (ETH) trust in Delaware as the leading altcoin soars above $2,000.
According to new archive documents shared on social media platform
“The iShares Ethereum Trust has just been registered in Delaware. For context, BlackRock’s iShares Bitcoin Trust was registered in a similar manner seven days before filing its ETF filing with the SEC.”
The shared documents have now been verified by senior Bloomberg ETF analyst Eric Balchunas.
“BlackRock has taken the first step toward filing for a spot Ether ETF. I just confirmed it on the website myself. Nice catch…”
The move comes as the second-largest digital asset by market capitalization sees a price increase. ETH is trading at $2,011 at the time of writing, a gain of 6.5% over the past 24 hours.
Early last month, crypto markets surged as other investment firms such as VanEck, Bitwise and ProShares launched Ethereum Futures exchange-traded funds (ETFs).
As stated at the time by ProShares CEO Michael L. Sapir:
“We have seen substantial demand from investors for access to the performance of cryptocurrencies through ETFs with the success of our Bitcoin-linked ETF, BITO, which launched almost two years ago and has become the largest crypto-linked ETF in the world.
Now, with the launch of [our ETH ETF] Investors who want to focus on the performance of Bitcoin or Ether through an ETF, with all the benefits of the structure, don’t have to wait.”
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