BlackRock has officially filed for a spot ethereum ETF, betting even more on its cryptocurrency efforts amid investor optimism, Reuters reports. The asset manager is proposing to convert the trust to a “spot” ETF, meaning it will own ether instead of futures products tied to the digital currency, the report notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BLK:
- Can SoFi (NASDAQ:SOFI) Stock Hit $15 in One Year?
- BlackRock® Canada Announces November Cash Distributions for the iShares® ETFs and Partial Waiver of Annual Management Fee Payable by iShares MSCI Min Vol Emerging Markets Index ETF
- Here’s What You Missed in Crypto This Week
- BlackRock registers to create ethereum trust, Reuters reports
- Blackrock (NYSE:BLK) and Occidental Join Hands for Stratos