According to a 19b-4 filing made on Thursday, it was confirmed that BlackRock, the largest asset manager in the world, is working on an ETF for Ether.
This was announced after Nasdaq made the filing for the proposed iShares Ethereum Trust, following BlackRock’s filing for registration of an entity in Delaware.
BlackRock has been showing more interest in cryptocurrency in recent months and is currently waiting for the SEC to make a decision on their application for a spot Bitcoin ETF.
The proposed Ether ETF would utilize Coinbase Custody Trust Company as custodian and use the CME CF Ether-Dollar Reference Rate – New York Variant.
The Trust’s investment objective is to track the performance of the price of Ether, as stated in the filing.
