BlackRock, the world’s largest asset manager, has officially applied for a spot Ethereum exchange-traded fund.
BlackRock has filed Form S-1 with the US Securities and Exchange Commission (SEC) to establish a spot Ethereum ETF.
The Form S-1 registration includes the fund’s prospectus, financial conditions, risk factors and details about how it will be operated.
According to BlackRock’s statement, iShares Ethereum Trust will track the performance of the Ethereum (ETH) price in general. The following statement was used in the recording:
“Stakes here are a simple way to invest, similar to investing in Ethereum, rather than trading on a peer-to-peer basis or through a digital asset exchange.”
US-based cryptocurrency company Coinbase Inc. will serve as the custodian for the iShares Ethereum Trust.
“The prices of many digital assets, including Ethereum, have experienced extreme levels of volatility in recent periods and may continue to do so,” the filing said. warning was given.