Featured image from BlockWorks, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Following BlackRock\u2019s official filing of Spot Ethereum with Nasdaq, reports have confirmed that BlackRock\u2019s Ether ETF plan has been confirmed by Nasdaq and is on its way to the US SEC to gain final approval.\u00a0 BlackRock Ethereum Spot ETF Confirmed American multinational investment company, BlackRock has been making waves in the crypto space after news spread of NASDAQ listing the investment firm\u2019s Ethereum Spot ETF, iShares Ether Trust in Delaware. \u201cBlackRock\u2019s Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq,\u201d Bloomberg Research Analyst, Jeff Seyffart stated.\u00a0 Related Reading: Countdown to Chaos: Ethereum Insider To Expose ETH Founders\u2019 Fraud In Weeks While BlackRock\u2019s Spot Bitcoin ETF proposal remains to be approved by the United States Securities and Exchange Commission (SEC), the $9 trillion asset management company has placed its focus on Ethereum Spot ETFs while it waits for the SEC\u2019s final decision on Spot Bitcoin ETFs.\u00a0 The news of the Nasdaq Ethereum ETF filing comes as a major development for BlackRock\u2019s move into the ETF world. Although the investment company remains tight-lipped on the ETH ETF reports flowing through the space, the possibility of an Ether Spot ETF approval could be a sign of the SEC\u2019s approval of Spot Bitcoin ETFs in the future.\u00a0 Many crypto enthusiasts have predicted that the US SEC may continue its efforts to stop the growth of Spot Bitcoin ETFs by declining BlackRock\u2019s Ether Spot ETF filing.\u00a0 However, in the case the regulatory body does approve the asset management company\u2019s Ethereum Spot ETF, the SEC could be faced with potential contradictions in its decision-making processes. The acceptance of ETH Spot ETFs would stand in stark contrast to the previous disapproval of Spot Bitcoin ETFs. Presently, the crypto community has been largely positive, as market metrics signal a potential rally for altcoins following BlackRock\u2019s Ethereum Spot ETF confirmation.\u00a0 A crypto member has stated that the asset management company\u2019s move into Ether Spot ETFs indicates strategic confidence in securing approval for Spot Bitcoin ETF in the future.\u00a0 ETH Price Skyrockets Following the news of NASDAQ registering BlackRock\u2019s Ethereum Spot ETF, the price of ETH has increased by over 9% and is currently trading at $2,086.92 according to CoinMarketCap. Related Reading: Analyst Predicts Bitcoin And Crypto Market Crash Of Epic Proportions, Here\u2019s When Reports of the Ethereum Spot ETF filing have sparked a rally in the cryptocurrency, topping over $2,000 for the first time since April this year. ETH’s market volume has also increased by 171.53%. Many crypto investors are looking forward to more positive developments in the cryptocurrency regarding Ethereum Spot ETFs as an official approval may indicate a potential long-term bull run for ETH. ETH bulls retest $2,100 | Source: ETHUSD on Tradingview.com Featured image from BlockWorks, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":560061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[7720,89215,1944,89193,89213,1946,10384,7931,6931,89930,8686,78803,84652],"class_list":["post-560052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-blackrock","tag-blackrock-news","tag-etf","tag-etf-news","tag-eth-news","tag-ethereum","tag-ethereum-etf","tag-ethereum-news","tag-ethereum-price","tag-ethereum-spot-etf","tag-ethusd","tag-ethusdt","tag-spot-etf"],"acf":[],"yoast_head":"\n
$9 Trillion BlackRock Files Ethereum Spot ETF, What's So Special About It?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n