BLACKROCK FILES FOR ETHEREUEM ETF (Eruptions Market Report 11-24-23)

BlackRock, the world's largest asset manager, has officially filed for a spot Ethereum exchange-traded fund with the United States Securities and Exchange Commission.

The ETF, dubbed iShares Ethereum Trust, seeks to "reflect generally the performance of the price of ether," reads Form S-1 filed with the SEC by iShares late Wednesday. The iShares brand is associated with BlackRock's ETF products.

The Form S-1 comes a week after BlackRock registered iShares Ethereum Trust entity with the Delaware Department of State Division of Corporations. Then hours after Nasdaq filed for the proposed ETF, confirming BlackRock is working on a spot ether ETF.

Read the full Eruptions Market Report here