BlackRock's Ethereum ETF Plan Boosts Ether Prices, Signals Growing Digital Asset Optimism

The world's largest asset management firm, BlackRock Inc BLK, signaled interest in launching an Ethereum ETH/USD exchange traded fund (ETF) on Thursday, a bullish sign for the digital assets space.

Following the news, Ether's price rose 3.6% and was trading at $2,096 on Friday.

This latest development aligns with the broader themes of accessibility and mainstream crypto adoption set to be explored at Benzinga's Future of Digital Assets conference on Nov. 14 in New York City.

Also Read: Poloniex's $120M Heist: Justin Sun Vows Action In Crypto Hack Fallout

Meanwhile, Bloomberg Intelligence ETF research analyst James Seyffart tweeted that it is highly likely a spot Bitcoin BTC/USD ETF will soon be approved.

New Research note from me today. We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals. But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD
— James Seyffart (@JSeyff) November 8, 2023

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