BlackRock Submits S1 Form for Ethereum Spot ETF with SEC in the United States

According to a report from “The Block,” BlackRock has officially filed an application for an Ethereum spot ETF with the U.S. Securities and Exchange Commission (SEC). BlackRock’s subsidiary, iShares, submitted an S-1 form to the SEC on Wednesday, which shows that the ETF, named “iShares Ethereum Trust,” seeks to “reflect the overall performance of Ethereum’s price.” A week before submitting the S-1 form, BlackRock registered a company entity named “iShares Ethereum Trust” at the Delaware Secretary of State’s office in the U.S. Shortly after, Nasdaq filed a 19b-4 document for the proposed Ethereum ETF, confirming that BlackRock is preparing for a spot Ethereum ETF. BlackRock’s move to apply for a Bitcoin spot ETF called “iShares Bitcoin Trust” in June this year has drawn significant market attention. The SEC is currently reviewing multiple applications for Bitcoin spot ETFs, including BlackRock’s case. The asset management company’s Bitcoin ETF with the code IBTC has been appearing on the Depository Trust & Clearing Corporation (DTCC) website since August, but was only noticed at the end of last month.