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Ethereum Rockets Past $2,100 as BlackRock Files for Ethereum ETF with NASDAQ - Decrypt

Nov 11, 2023 · 1 min read · 608 points
Ethereum Rockets Past $2,100 as BlackRock Files for Ethereum ETF with NASDAQ - Decrypt
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The fund’s shares would trade under the ticker "ETH" and closely track the price of Ethereum.

Highlights

  • BlackRock has filed a proposal for an exchange-traded fund for the second-largest cryptocurrency by market capitalization.
  • The fund’s shares would trade under the ticker “ETH” and closely track the price of the asset held by the trust.
  • The filing comes as BlackRock also registered a trust for the cryptocurrency in Delaware, a move analysts saw as a precursor to applying for regulatory approval of an ETF.
  • The price of ETH jumped 10 percent following the news, blowing past $2,100, a threshold not seen since April.
  • ETH is now up more than 30% for the month, and a solid 85% up over one year ago.

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