BlackRock's Ethereum Trust Ignites Crypto Market: Asset Management Behemoth Doubles Down On Digital Assets

BlackRock Advisors, a division of asset management giant BlackRock BLK, registered an iShares Ethereum Trust in Delaware, according to a filing on Thursday.

This move came after BlackRock’s announcement earlier this year of its filing for a spot Bitcoin BTC/USD ETF with the U.S. Securities and Exchange Commission (SEC), which was followed by the registration of its iShare Bitcoin Trust just a week later.

This development is particularly noteworthy as it comes ahead of Benzinga’s Future of Digital Assets conference on Nov. 14, where the future of cryptocurrencies and their role in the financial market will be a key topic of discussion.

The potential filing of a spot Ethereum ETH/USD ETF by BlackRock has been a topic of speculation among industry experts.

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The actual filing would not only solidify BlackRock’s position within the industry but also underscore the asset manager’s belief in the long-term potential and impact of digital assets.

Despite the SEC’s current stance, which has yet to approve the first Bitcoin ETF offering in the country, BlackRock has consistently expressed optimism about the asset’s potential.

Many anticipate a change in the SEC’s position, with approval expected to occur sometime this year.

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Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join Benzinga on Nov. 13 Fintech Deal Day and Nov. 14 Future of Digital Assets. Secure a spot here to join them!

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