The SEC Receives Blackrock’s Application for a Spot Ethereum (ETH) ETF

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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.

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