Nov 9 (Reuters) – Asset management giant BlackRock registered to create an ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token.
Earlier this year, BlackRock registered a bitcoin trust in the same manner and a week later filed an application with the SEC to launch a spot bitcoin ETF. BlackRock declined to comment on the trust’s creation or on any plans for an ETF filing.
BlackRock has added Ethereum ETF to their Global Allocation Fund. Larry Fink, the CEO of BlackRock has made many major investments in crypto and blockchain companies including: Circle USDC, FTX, Anchorage Digital, Bitcoin Core Scientific Mining. BlackRock has also partnered with Coinbase to offer Bitcoin to institutional clients.
