BlackRock applies for spot ethereum ETF to boost crypto effort.

[Arianabell]

The massive asset management company BlackRock (BLK.N) increased its cryptocurrency wagers on Thursday by formally filing for a spot Ethereum exchange-traded fund (ETF) in the hopes that these investment vehicles will be approved by investors.
This week, the iShares Ethereum Trust was registered. Should it be approved, it will be listed on Nasdaq, providing investors with access to the second most popular cryptocurrency, ether, without really holding any of it. The trust would instead own ether rather than futures contracts linked to the cryptocurrency token, according to BlackRock's proposal to transform it into a "spot" ETF.
The U.S. Securities and Exchange Commission (SEC) has previously approved futures-based crypto exchange-traded funds (ETFs). However, the regulator has long maintained that there is a high risk of fraud and manipulation in the spot crypto market.

 

[BashirJasper]

That could signal a huge market cap for Ether as institution scramble to create cash to back up the fund. These are truly exciting times for crypto enthusiasts.

 

[CryptoTrend]

Yeah, That could boost crypto effort institution BlackRock.

 

[BashirJasper]

Yeah, That could boost crypto effort institution BlackRock.

Exactly. Especially when there has been significant investment in crypto and exchanges ecosystem in preparation for the eventual listing of BTC spot ETF

 

[ImamShaheb]

The massive asset management company BlackRock (BLK.N) increased its cryptocurrency wagers on Thursday by formally filing for a spot Ethereum exchange-traded fund (ETF) in the hopes that these investment vehicles will be approved by investors.
This week, the iShares Ethereum Trust was registered. Should it be approved, it will be listed on Nasdaq, providing investors with access to the second most popular cryptocurrency, ether, without really holding any of it. The trust would instead own ether rather than futures contracts linked to the cryptocurrency token, according to BlackRock's proposal to transform it into a "spot" ETF.
The U.S. Securities and Exchange Commission (SEC) has previously approved futures-based crypto exchange-traded funds (ETFs). However, the regulator has long maintained that there is a high risk of fraud and manipulation in the spot crypto market.

BlackRock's Ethereum ETF filing is a major step towards crypto mainstream adoption. The whole crypto space including Big players like Bitget/Nance are waiting for it.

 

[ImamShaheb]

Exactly. Especially when there has been significant investment in crypto and exchanges ecosystem in preparation for the eventual listing of BTC spot ETF

There are ETFs of various tokens on several exchanges ,like on Bitget~

But this time, it's BlackRock!!!!

 

[BashirJasper]

There are ETFs of various tokens on several exchanges ,like on Bitget~ View attachment 59652

But this time, it's BlackRock!!!!

Exchanges need these Spot ETF listing by large traditional financial institution to attract massive adoption and increase the value of these tokens on exchanges and build holders income.

 

[Captainsaudi]

BlackRock's Ethereum ETF filing is a major step towards crypto mainstream adoption. The whole crypto space including Big players like Bitget/Nance are waiting for it.

Everyone is anticipating Blackrock ETF approval and this has sent BTC on a bullish trend for almost a month. Is wise we keep accumulating as top players are doing so. Also is wise we also focus on low-cap projects because they have the potential of 100-1000x in the next bull-run. Some exchanges like Bitget has been very good in listing this tokens early.

 

[ImamShaheb]

Exchanges need these Spot ETF listing by large traditional financial institution to attract massive adoption and increase the value of these tokens on exchanges and build holders income.

The thing is, this time , regulated ETFs are come. Most probably that's the main thing to hype.

 

[ImamShaheb]

Everyone is anticipating Blackrock ETF approval and this has sent BTC on a bullish trend for almost a month. Is wise we keep accumulating as top players are doing so. Also is wise we also focus on low-cap projects because they have the potential of 100-1000x in the next bull-run. Some exchanges like Bitget has been very good in listing this tokens early.

Yup, Bitget's accuracy of hunting gems is almost 90% accurate,the rest depends on our DYOR.