The largest investment firm in the world is filing for a spot market Ethereum (ETH) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) months after applying for a spot Bitcoin (BTC) ETF.
In a new filing, BlackRock – which has over $8 trillion in assets under its management – is seeking the approval of the iShares Ethereum Trust, which would grant retail investors exposure to the second-largest crypto asset by market cap through traditional stock exchanges.
“The Trust seeks to reflect generally the performance of the price of Ether. The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. The Shares are intended to constitute a simple means of making an investment similar to an investment in