Ether Surges Above $2,000 On BlackRock ETF Hopes
A Spot Ether ETF From The World’s Largest Asset Manager Could Be Imminent After Firm Registers iShares Ethereum Trust In Delaware
By: yyctrader •Crypto News
Ether is trading above $2,000 for the first time since April after it came to light that BlackRock, the world’s largest asset management firm with nearly $10T in AUM, has registered an entity called the iShares Ethereum Trust in Delaware.
The registration was first spotted by X user Summers on Delaware’s Division of Corporations website. They noted that BlackRock created a similar entity a week before filing its spot Bitcoin ETF application with the SEC.
Meanwhile, Bitcoin bulls continue to cheer as the digital asset shows no signs of slowing down, briefly trading near $38,000 for the first time since May 2022, prior to the collapse of Terra’s ill-fated UST stablecoin.