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BlackRock Registers Ethereum Trust in Delaware: Reports

1 min
Updated by Bary Rahma
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In Brief

  • BlackRock applied to launch an Ethereum Trust in Delaware, broadening investor access to crypto.
  • This move follows BlackRock's proposal for a US spot Bitcoin ETF, currently under the SEC's review.
  • Its involvement has seen Ethereum's value soar past $2,000, with the market reacting positively.
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BlackRock, the world’s largest investment manager, has applied to introduce an Ethereum Trust. It marks a significant stride in mainstream cryptocurrency adoption.

This development arrives amid heightened anticipation for the approval of BlackRock’s proposed spot Bitcoin ETF (exchange-traded fund), suggesting a bullish outlook on the future of the crypto market.

Institutions Can Get Ethereum Exposure

According to a recent filing, the iShares Ethereum Trust was registered in Delaware. The move was orchestrated with BlackRock’s managing director, Daniel Schwieger, at the application process’s helm.

Since the announcement, Ethereum’s value has surged past the $2,000 threshold, reflecting investor optimism spurred by BlackRock’s involvement.

Ethereum Price Performance
Ethereum Price Performance. Source: TradingView

BlackRock’s push into the cryptocurrency industry does not stop with the iShares Ethereum Trust. Earlier in the year, the investment titan submitted plans to launch a spot Bitcoin ETF in the US. It is currently under the scrutiny of the Securities and Exchange Commission.

Trusts like these, typically closed-end funds, provide a stock market-listed vehicle offering select investors exposure to assets previously beyond their reach, a concept dating back to the first trust in 1868.

The cryptocurrency market has been abuzz with speculation regarding BlackRock’s motives, with some suggesting insider knowledge. However, Matt Hougan of Bitwise Asset Management provided a different perspective, speculating that BlackRock’s decision reflects a readiness in the market for a spot Bitcoin ETF.

Bitcoin’s value soared 41%, from $25,556 to $36,120, bolstering this sentiment after BlackRock filed its ETF, showcasing an impressive rally.

Bitcoin Price Performance
Bitcoin Price Performance. Source: TradingView

Ethereum’s recent performance further cements that BlackRock’s foray into cryptocurrency could spell a similar uptick for ETH. Especially since it has been unable to break the $2,000 barrier since mid-August.


In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

David Thomas
David Thomas, a seasoned electronic engineer with nine years of expertise, has built a distinguished career by combining his passion for writing with an in-depth understanding of rapidly evolving industries. As a dedicated journalist at BeInCrypto, David leverages his strong technical background and university-honed skills to make the complex cryptocurrency market accessible and engaging for all readers.