BlackRock Officially Files with US SEC to Launch Spot Ethereum ETF

BlackRock, the world’s largest asset manager has officially filed a preview of the Spot Ethereum ETF with the U.S. Securities and Exchange Commission.

The ETF, dubbed iShares Ethereum Trust, will “reflect Ether price performance,” according to the Form S-1 at iShares. Filed with the US SEC

The Form S-1 filing comes a week after BlackRock registered the iShares Ethereum Trust with Delaware.

BlackRock has selected Coinbase Custody Trust Company as the custodian for the proposed Ether ETF. The CME CF Bitcoin Reference Rate from CF Benchmarks, a subsidiary of Kraken, has also been selected as the benchmark for the proposed ETF.

BlackRock’s Bitcoin ETF awaits regulatory approval US SEC

BlackRock filed to launch the iShares Bitcoin Trust in June of this year. The US SEC is currently reviewing several spot bitcoin ETF applications, including one from BlackRock.

IBTC, the asset manager’s Bitcoin ETF ticker, has also appeared on Depository Trust & Clearing Corp’s website since August. But it was noticed late last month.

Large trading firms such as Jane Street, Virtu Financial and Jump Trading are reportedly in talks to provide liquidity to BlackRock’s spot bitcoin ETF.

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