BlackRock submits Ethereum spot ETFAccording to Zombit's report last night, asset management giant BlackRock was revealed to have registered iSharesEthereum Trust in Delaware, USA.And just a few hours after BlackRock applied for registration, NASDAQ submitted the proposed filing for the iSharesEthereum Trust19b-4 filesFormally submit an ETF application to regulatory authorities
BlackRock submits Ethereum spot ETF
According to Zombit's report last night, asset management giant BlackRock was revealed to have registered iSharesEthereum Trust in Delaware, USA.
And just a few hours after BlackRock applied for registration, NASDAQ submitted the proposed filing for the iSharesEthereum Trust19b-4 filesFormally submit an ETF application to regulatory authorities. According to the document, the proposed Ethereum spot ETF will use Coinbase Trust Company as the custodian and CMECFEther Dollar data as the reference exchange rate.
So far, other asset management companies, including Grayscale, ArkInvest, ProShares, and Valkyrie, have also submitted applications for spot Ethereum ETFs. But before Bitcoin spot ETFs are approved, Ethereum's ETF products may find it difficult to pass regulatory approval.
The document submitted by NASDAQ also cites the recent litigation results between Grayscale and the SEC, which states that since the SEC has approved Ethereum ETFs based on futures, the committee must also approve Ethereum spot products.
Considering that the committee has approved the provision of ETFs with ETH futures exposure, which are priced based on the underlying spot ETH market, the initiators believe that the committee must also approve the provision of ETFs with spot ETH exposure, as shown in the trust
ETH broke through $2100 in one fell swoop
After the news was released, Ethereum rose above $2100 this morning, while the ETH/BTC exchange rate also saw a 9% increase yesterday,
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