• Ethereum (ETH) joins the spot ETH league as Blackrock makes the first move towards its application
• The coin’s price has rallied in the market ever since the news started circulating on crypto Twitter

Ethereum (ETH), the second-largest cryptocurrency in the market, has seen significant gains in the past hour. The rise comes right when crypto Twitter is abuzz over a possible spot Ethereum ETF application from Blackrock – the investment management giant. The notion stems from the firm’s move to register its iShares Ethereum Trust in Delaware.

Is your portfolio green? Check out the ETH Profit Calculator

Blackrock moves ETH’s market

According to a Twitter user, Summers, who first noticed the filing, “BlackRock’s iShares Bitcoin Trust was registered in a similar manner 7 days before they filed the ETF application with the SEC. Details below.” The investment management giant reignited the crypto market’s dream of seeing an approved spot Bitcoin ETH by filing for an application back in June 2023. And since then, many other key financial players have joined the race with subsequent filings.

BlackRock has made first step towards filing for a spot Ether ETF. I just confirmed on the website myself. Nice catch by @SummersThings https://t.co/mLKIhKdiI6

— Eric Balchunas (@EricBalchunas)

Go to Source to See Full Article
Author: Priya NV

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details