ETH sees price gains as Blackrock moves toward spot Ethereum ETF filing

Ethereum (ETH), the second-largest cryptocurrency in the market, has seen significant gains in the past hour. The rise comes right when crypto Twitter is abuzz over a possible spot Ethereum ETF application from Blackrock – the investment management giant. The notion stems from the firm’s move to register its iShares Ethereum Trust in Delaware.

Source: Delaware Department of State Division of Corporations

According to a Twitter user, Summers, who first noticed the filing, “BlackRock’s iShares Bitcoin Trust was registered in a similar manner 7 days before they filed the ETF application with the SEC. Details below.” The investment management giant reignited the crypto market’s dream of seeing an approved spot Bitcoin ETH by filing for an application back in June 2023. And since then, many other key financial players have joined the race with subsequent filings.

The story is still developing…

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