According to a report from “The Block,” BlackRock has officially submitted an application for an Ethereum spot ETF to the US Securities and Exchange Commission (SEC).
A filing with the SEC submitted by BlackRock’s subsidiary iShares on Wednesday, the 15th, reveals that the ETF, named “iShares Ethereum Trust,” seeks to “reflect the overall performance of Ethereum’s price.”
One week prior to submitting the S-1 form, BlackRock registered a company entity named “iShares Ethereum Trust” at the Delaware Secretary of State office. Hours later, 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 named “iShares Bitcoin Trust” in June this year has garnered 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 listed on the Depository Trust & Clearing Corporation (DTCC) website since August, but was only noticed at the end of last month.