A filing for an iShares Ethereum Trust appeared on Delaware's state website Thursday
BlackRock could enter the race for a spot ether ETF soon after the asset management giant proposed a spot bitcoin ETF in June, according to a disclosure on Thursday.
A filing for an iShares Ethereum Trust appeared on the website for the Delaware Department of State on Thursday.
The filing could signal the financial giant, which manages about $9 trillion in assets, plans to propose such an offering to the U.S. Securities and Exchange Commission. It appears that no formal proposal has been submitted to the regulator.
A BlackRock spokesman declined to comment.
BlackRock filed with the SEC to launch a spot bitcoin ETF on June 15. However, a disclosure about the planned iShares Bitcoin Trust appeared on Delaware's website on June 8.
The price of Ether was around $2.030 at 10:30 AM. ET — up more than 8% in the past 24 hours.
BlackRock will join several other issuers seeking to offer an ETF that directly holds ETH, including of Ark Invest and 21Shares , as well as VanEck.
Grayscale Investments moved on October 2 to convert the Ethereum Trust into a spot ether fund. Hashdex and Invesco also have filings with the SEC to launch spot ether products.
