BlackRock declined to comment on the filing mentioning the iShares Ethereum Trust.
Updated Nov 9, 2023 at 4:25 p.m. UTC
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Asset management giant BlackRock (BLK) has seemingly registered an iShares Ethereum Trust in the state of Delaware, a filing from Thursday shows.
An entity under the name of BlackRock Advisors submitted the paperwork. The registered agent, according to the filing, is Daniel Schwieger. A person with the same name is on LinkedIn as a managing director at BlackRock.
A representative for BlackRock declined to comment on the news.
Already up on the session in line with a general rally in crypto markets, ether (ETH) shot even higher on the news, now ahead about 7% for the session to $2,105.
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Edited by Stephen Alpher.
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Helene is a New York-based news reporter at CoinDesk, currently covering the criminal trial of infamous crypto mogul Sam Bankman-Fried. Helene is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks. She holds BTC and ETH.