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BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq submitting

Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed, per a 19b-4 type submitting submitted to the US Securities and Exhange Fee on Nov. 9.

Nasdaq filed the 19b-4 type to securities regulator on behalf of the $9 trillion asset administration agency for a proposed ETF known as the shares Ethereum Belief.

The transfer alerts BlackRock’s intention to broaden past Bitcoin with its ETF aspirations.

NASDAQ’s 19b-4 submitting to the SEC for BlackRock’s iShares Ethereum Belief. Supply: NASDAQ

Earlier on Nov. 9, it emerged that BlackRock registered corporate entity “iShares Ethereum Belief” in Delaware, the primary trace {that a} spot Ethereum ETF submitting may very well be imminent.

BlackRock and different monetary companies have expressed curiosity in cryptocurrency-backed ETFs over the previous couple of months.

Bloomberg ETF analyst James Seyffart famous that there are no less than 5 companies within the operating to win the Securities and Change Fee’s approval for a spot Ethereum ETF.

Associated: Ethereum futures ETFs garner lukewarm reception on first day of trading

Amongst them are VanEck, ARK 21Shares, Invesco, Grayscale and Hashdex.

Journal: Bitcoin ETF: Wall Street’s Path to Crypto