Blackrock Has Submitted A Spot Ethereum Etf Application To The U.s. Securities And Exchange Commission (Sec).
- Posted on November 10, 2023 1:27 AM
- Cryipto News
- 204 Views
According to the latest information, the giant asset management company BlackRock has applied for a spot Ethereum ETF with the U.S. Securities and Exchange Commission (SEC). Earlier today, there were signals that BlackRock would submit a spot Ethereum ETF application.
According to the latest information, the giant asset management company BlackRock has applied for a spot Ethereum ETF with the U.S. Securities and Exchange Commission (SEC). Earlier today, there were signals that BlackRock would submit a spot Ethereum ETF application.
Following these signals, BlackRock officially submitted the spot Ethereum ETF application to the SEC. This development indicated a sudden surge in the leading altcoin Ethereum (ETH).
With the confirmation of the ETF application, Ethereum experienced a further 3% increase, reaching up to $2,092. ETH's gain today surpassed 10%.
Bloomberg ETF expert James Seyffart, in his tweet on the subject, stated the following.
UPDATE: BlackRock #Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq pic.twitter.com/pLhuhhK7jo
— James Seyffart (@JSeyff) November 9, 2023
While the approval of the spot Ethereum ETF by the SEC seems challenging at the moment, the approval of the spot Bitcoin ETF could open the door for the Ethereum ETF.
