According to The Block, BlackRock has formally submitted an application for an Ethereum spot ETF to the U.S. Securities and Exchange Commission (SEC). BlackRock’s subsidiary, iShares, submitted an S-1 form to the SEC on Wednesday evening, which revealed that the ETF, named “iShares Ethereum Trust,” seeks to “reflect the overall performance of Ether.” A week prior to submitting the S-1 form, BlackRock registered a company entity named “iShares Ethereum Trust” with the Delaware Secretary of State’s office. Hours later, Nasdaq filed a 19b-4 document for the proposed Ethereum ETF, confirming BlackRock’s preparation for a spot Ethereum ETF. BlackRock’s move to apply for a Bitcoin spot ETF, named “iShares Bitcoin Trust,” in June this year, garnered significant market attention. The SEC is currently reviewing multiple applications for Bitcoin spot ETFs, including BlackRock’s case. The asset management company’s Bitcoin ETF, with the code IBTC, has been listed on the Depository Trust & Clearing Corporation’s website since August but was only noticed at the end of last month.
