BlackRock, the world’s leading asset manager, has taken a bold step towards embracing cryptocurrency by applying for an Ethereum Spot ETF. This initiative, detailed in filings with Nasdaq, outlines a plan to list and trade shares of the iShares Ethereum Trust, marking a significant pivot towards digital assets for the financial giant. In a move mirroring its approach to Bitcoin, BlackRock has rapidly proceeded with the ETF application, signaling strong institutional interest in Ethereum’s potential.
