On November 9th, the website of the Delaware corporate department showed that BlackRock, the world's largest asset management company, registered iShares Ethereum Trust. Afterwards, Nasdaq once again confirmed this news,Announced that the BlackRock Ethereum spot ETF "iSharesEthereum Trust" application has been submitted to the SEC
On November 9th, the website of the Delaware corporate department showed that BlackRock, the world's largest asset management company, registered iShares Ethereum Trust. Afterwards, Nasdaq once again confirmed this news,Announced that the BlackRock Ethereum spot ETF "iSharesEthereum Trust" application has been submitted to the SEC.
Affected by this message,Ethereum prices skyrocketed, successfully breaking the 2000 mark, rising nearly 10% from $1880 to over $2100, and then began to retrace, rising 11.1% in 24 hours.
ETH6 ETF .
ETF.ETFETFInsufficient Liquidity and Lack of Market Makers.
620%.ETFRipple.38000.
However, it should be noted that even if Ethereum TTF passes quickly,SEC 240 .ETF.
POS.Almost all agree that Bitcoin is not a security and does not fall within its jurisdiction, but Ethereum's characterization is still in doubt.
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POS..
ETF2023. BTC.
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However, the growth of Ethereum still sends a positive signal to the market,Except for BlackRock, other asset management companies such as Grayscale, ArkInvest, ProShares, and Valkyrie have previously submitted Ethereum spot ETF applicationsETF.
Nikolaos Panigirtzoglou .In its analysis, the target holders of ETFs highly overlap with existing investors, so the entry of new funds needs to be examined, directly manifested in regions such as Europe and Canada that already have Bitcoin spot ETFs, where the price trend of ETFs is still relatively sluggish.Ripple.
BTC.
Therefore, we need to maintain a cautious attitude towards the small market share of Ethereum caused by BlackRock's registration of Ethereum Trust. As for whether Ethereum can ultimately take off, it still depends on whether the boots can officially land!
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