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BlackRock expands crypto strategy with Ethereum ETF application
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BlackRock has already created a corporate entity in keeping with the asset manager’s ETF division, titled ‘iShares Ethereum Trust,’ which is registered in Delaware.
In response to the news, ETH’s price jumped to its daily high of $2,100, reaching a six month high.
In June 2023, BlackRock applied to the SEC for permission to launch a spot Bitcoin ETF.
To date, the regulator has yet to approve a spot ETF linked to a cryptocurrency. This is in keeping with its cautious approach to the crypto market.
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