BlackRock Filing Spurs Ether Rally as ETF Bets Fire Up Crypto
- ETFs that hold Bitcoin or Ether don’t currently trade in US
- Other issuers have already filed for spot-Ether products
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BlackRock Inc. is looking to launch an exchange-traded fund that would be centered on Ether, helping to spur a rally in the second-largest cryptocurrency.
Nasdaq, the exchange that BlackRock is working with on the ETF, on Thursday submitted what’s known as a 19b-4 form, marking the next step in the process to get such a fund launched. The Wall Street behemoth had earlier registered paperwork in Delaware for the fund, according to documents posted to the Delaware Department of State Division of Corporations website.