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 • Loading...
CeFi![Ether Surges Above $2,000 On BlackRock ETF Hopes](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F7062a3ade4fe1aa0db5ec364c58815c71ef0fc1e-828x470.webp&w=828&q=75)
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.
![ETH Price chart](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fd32acfd39bc9b22b83d97b6f32b911502b97058e-720x492.jpg&w=828&q=100)
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.
![iShares Ethereum Trust Registration](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F228b6c35dc92c614a30a4a6e3a816d06b7bc1c7d-1344x816.jpg&w=828&q=100)
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.
![BTC Price chart](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F759a229c4f7266bb212796f282eae3a82afb2352-721x496.png&w=828&q=100)
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