BlackRock Files Prospectus for Spot Ether ETF

BlackRock Files Prospectus for Spot Ether ETF

BlackRock (BLK), the world’s largest asset manager, has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF).

This move follows last week’s corporate registration of that name and Nasdaq’s filing of a 19b-4 with the SEC seeking approval for the spot ETF.

The price of ether (ETH) briefly jumped nearly 2% to $2,080 on the S-1 filing but has since returned to roughly its price prior to the news.

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Crypto prices have been responding swiftly to ETF-related updates, particularly after court rulings against the SEC’s rejection of spot crypto ETF

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