BlackRock Ether ETF Prospectus Gets Filed With SEC

The asset management giant last week registered the iShares Ethereum Trust, and via Nasdaq sought approval from the SEC for the new vehicle.

AccessTimeIconNov 16, 2023 at 11:31 a.m. UTC
Updated Jan 26, 2024 at 2:44 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

BlackRock (BLK), the world’s largest asset manager, has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF).

This move follows last week's corporate registration of that name and Nasdaq's filing of a 19b-4 with the SEC seeking approval for the spot ETF.

The price of ether (ETH) briefly jumped nearly 2% to $2,080 on the S-1 filing but has since returned to roughly its price prior to the news.

Crypto prices have been responding swiftly to ETF-related updates, particularly after court rulings against the SEC’s rejection of spot crypto ETF applications in the last few months improved market hopes for approval. A spoof iShares ETF registration referencing XRP sent the token rallying 10% before BlackRock said it was fake.

Along with several other asset managers, BlackRock currently is awaiting word from the SEC on listing a spot bitcoin ETF that could open up average investor access to the crypto dramatically. Company CEO Larry Fink has apparently done a complete u-turn on crypto, recently expressing support for the sector.

UPDATE (Nov. 16, 11:50 UTC): Adds detail throughout.

Update (Nov. 16, 13:10 UTC): Notes that the SEC application was made last week, and updates price action.

Edited by Parikshit Mishra.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Sandali Handagama

Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.