According to James Seyfart, a senior ETF analyst at Bloomberg, asset management giant BlackRock has submitted a 19b-4 document to Nasdaq, planning to apply for the launch of the Ethereum spot ETF iSharesEthereum Trust. Stimulated by this news, Ethereum quickly surged to $2100 in a short period of time
According to James Seyfart, a senior ETF analyst at Bloomberg, asset management giant BlackRock has submitted a 19b-4 document to Nasdaq, planning to apply for the launch of the Ethereum spot ETF iSharesEthereum Trust. Stimulated by this news, Ethereum quickly surged to $2100 in a short period of time.
This wave of upward momentum is not decreasing! As of around 07:30 this morning, Taiwan time, the highest price of Ethereum (ETH) in the Coin On spot market reached $2132. The current quotation is $2116, which has risen by more than 12% in the past 24 hours, reaching the highest level since May this year.
The reason why Ethereum surged rapidly was due to reports last night that BlackRock intended to apply for Ethereum spot ETFs. Bloomberg analyst James Seyfart's latest screenshot released in X shows that BlackRock has confirmed that it has submitted a 19b-4 file with the Securities and Exchange Commission (SEC) along with Nasdaq, planning to apply to exit iSharesEthereum Trust.
According to James Seyfart's supplement, there are currently 5 Ethereum spot ETF filing applications, including those submitted by Vaneck, ARKInvest/21Shares, Hashdex, InvescoUS/Galaxy, and Grayscale for conversion to ETHE.
However, at the same time, the price of Bitcoin quickly fell after reaching nearly $38000 last night, and it remains to be seen whether ETH can continue to rise against the backdrop of BTC's pullback.
VanEck Ethereum Strategy ETF Listed on the Chicago Board of Options Exchange
Another possible reason for the rise in the price of Ethereum (ETH) currency is that US asset management company VanEck released a statement on X almost simultaneously last night, announcing that its Ethereum strategy ETF has been launched on the Chicago Board of Options (Cboe) under the trading code EFUT, with a total rate of 0.66%.
It is understood that VanEck's Ethereum strategy ETF seeks capital appreciation by investing in Ethereum futures contracts and provides investors with Ethereum related investment opportunities through easy-to-use exchange trading tools, but does not directly invest in Ethereum or other digital assets.
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