Crypto Stock Market - BlackRock's Ethereum ETF Plan Confirmed After Nasdaq Filing
BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing

BlackRock’s Plans for Ethereum ETF Confirmed

The United States Securities and Exchange Commission has now confirmed BlackRock’s plans for a spot Ethereum exchange-traded fund (ETF), as evidenced by a 19b-4 form filing submitted on Nov. 9. The $9 trillion asset management firm has named the ETF the “iShares Ethereum Trust” and Nasdaq has filed the 19b-4 form on its behalf.

This signals BlackRock’s intention to expand beyond Bitcoin with its ETF aspirations and indicates that the crypto recent is growing. Currently, the crypto stock market is seeing a lot of activity and the crypto bloomberg is showing that the exchange is doing well. This is good news for those who are interested in crypto right now and want to stay up-to-date with the current crypto market.

Earlier on Nov. 9, it was revealed that BlackRock had registered corporate entity iShares Ethereum Trust in Delaware, which was the first indication that a spot Ethereum ETF filing could be imminent.

Crypto Market Heats Up with BlackRock’s Interest

Crypto recent has been heating up with BlackRock and other financial firms expressing interest in cryptocurrency-backed ETFs. Bloomberg ETF analyst James Seyffart noted that at least five firms are in the running for the Securities and Exchange Commission’s approval for a spot Ethereum ETF, including VanEck, ARK 21Shares, Invesco, Grayscale and Hashdex.

The news of BlackRock’s plans for an iShares Ethereum Trust pushed Ether (ETH) up 8.9% to $2080 and the crypto is up 10.1% over the last 24 hours, according to CoinGecko.

The current crypto market is seeing a surge in activity as digital asset crypto investors look to capitalize on the exchange and crypto stock market.

The recent surge in price has allowed ETH to regain some of its market dominance against Bitcoin (BTC), which has been outperforming ETH in the past months. ETH’s market dominance is currently at 17%, increasing by 1.3% since the exchange news.

The current crypto market is full of opportunities and the crypto bloomberg news is helping to make it even more attractive. With ark crypto and other digital asset crypto, investors have more options to choose from right now.

The crypto latest now is that ETH is growing in popularity and its market dominance is increasing, despite the overall crypto stock market trends.

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