Coinbase, Ether Liquid Staking Tokens Lido, RocketPool Surge on BlackRock ETH ETF News

The iShares Ethereum Trust was registered as a corporate entity in the state of Delaware earlier Thursday.

AccessTimeIconNov 9, 2023 at 4:41 p.m. UTC
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Tokens of ether (ETH) liquid staking platforms as well as Coinbase shares surged Thursday on hope asset management giant BlackRock (BLK) may soon file to offer a spot ether exchange-traded fund (ETF).

The iShares Ethereum Trust was registered by BlackRock Advisors as a corporate entity in Delaware. News of the filing Thursday morning sent ether soaring to as high as $2,100 – its strongest level since April's Shanghai upgrade. It's since pulled back to $2,006, still ahead 6% for the session.

Crypto exchange Coinbase (COIN) – which also has a large market share as ETH depositors for staking – was higher by 8% at press time. Coinbase charges 25% commission on user rewards earned by staking.

Governance tokens of Lido Finance (LDO) and RocketPool (RPL) jumped 7% and 8%, respectively, over the past 24 hours, CoinDesk data show.

Edited by Stephen Alpher.

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Krisztian  Sandor

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.


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