Cryptorank
BlackRock's Ethereum ETF Plan Confirmed in Nasdaq Filing
The Digital Asset Revolution Continues
A Pivotal Moment for Cryptocurrency Adoption
In a landmark move that has the potential to reshape the cryptocurrency landscape, BlackRock, the world's largest asset manager, has confirmed plans to launch a spot exchange-traded fund (ETF) based on Ethereum (ETH).
The filing with the Nasdaq Stock Market, which was made public on May 23, 2023, has sent shockwaves through the industry and sparked widespread anticipation among investors.
James Seyffart, a Bloomberg ETF analyst, noted on Twitter that "the only date that matters for spot Ethereum ETFs at this time is May 23." The filing outlines a final deadline decision date of August 7, 2024, for the ETF, but Bloomberg ETF analyst Eric Balchunas believes that a decision is likely to come much sooner.
Medium
Comments