Last Updated on November 16, 2023 by Bitfinsider
The spot Ethereum ETF application from the massive investment management company Blackrock reaches the SEC’s desk. On November 15, 2023, the company formally filed its S-1 application for the spot Ethereum ETF.
The action was taken a few days after the company disclosed in a Nasdaq filing its ambitious plans for Ethereum. A “registration statement filed by a company with the SEC and is an important step in the listing process” is what Colin Wu refers to as an S1 filing.
It’s interesting to note that Ethereum (ETH) has not significantly changed in value despite the anticipated development. At the time of writing, ETH’s market value was over $248 billion, and its trading price was $2069.45, according to CoinMarketCap. The 7-day chart revealed a massive increase of over 8 percent, while the hourly chart indicated gains of just over 1 percent.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.