BlackRock iShares Trust Application for Ether ETF Pending SEC Approval

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Published March 5, 2024 Updated March 10, 2025

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Summary

In a significant move, BlackRock, a leading American multinational investment corporation, submitted an application for its iShares Trust in November last year. Under consideration by the SEC, the trust is expected to be listed on the Nasdaq and offer an exposure to Ether, the world’s second-largest cryptocurrency by market cap. However, a decision on the application has been deferred by the SEC, which earlier approved several bitcoin ETFs. A spot crypto ETF like iShares Trust could allow investors to track the market price of the underlying digital asset without buying the currency directly.

BlackRock Files for iShares Trust

In a noteworthy development in the financial world, BlackRock lodged an application for its iShares Trust in November of the preceding year. If approved, this substantial financial instrument is slated to be listed on the highly-recognizable global securities marketplace, the Nasdaq.

Ether: A Major Player in the Cryptocurrency Market

Playing a pivotal role in the digital currency market, Ether reigns as the second-largest cryptocurrency in terms of market capitalization. This makes its presence in major investment vehicles, like the one proposed by BlackRock, extremely significant.

SEC’s Decision on iShares Trust Delayed

The Securities and Exchange Commission, in January of this year, chose to postpone its decision on the iShares Trust application submitted by BlackRock. This was subsequent to the regulatory authority approving numerous bitcoin ETFs.

Spot Crypto ETFs: A Safer Avenue for Crypto Investments?

A spot crypto ETF, such as the iShares Trust proposed by BlackRock, tracks the market price of the underpinning digital currency. This essentially gives the investor an exposure to the token, all while eliminating the need to acquire the currency directly.

Strategic Investment Insights

Investors looking at diversifying their portfolio with cryptocurrency assets could consider investment vehicles like the proposed iShares Trust, which offer exposure without the necessity of owning the digital asset. However, as with any investment, understanding the market dynamics, potential risks, and regulatory changes is crucial. In an ever-evolving digital currency market, staying informed and understanding the implications of new investment products like a spot crypto ETF is key.

Source: https://www.coindesk.com/policy/2023/11/16/blackrock-files-application-for-spot-ether-etf/

About Author

Beatrice Quinn

Beatrice Quinn Kingsley, a finance graduate from the London School of Economics, dove into finance clubs during her studies, honing her skills in portfolio management and risk analysis. With a career spanning prestigious firms like Barclays and HSBC, she's become an authority in asset allocation and investment strategy, known for her insightful reports. Beyond her corporate success, Beatrice is an advocate for financial literacy, actively engaging in workshops, seminars, and writing on topics like personal finance and investing. Recognized in the field, she's a featured voice in publications and a sought-after consultant, combining her financial know-how and communication prowess to empower ...