November 10, 2023
Blockonomi recently published an article featuring Mark Williams, Master Lecturer of Finance, discussing BlackRock’s recent filing for an Ethereum exchange-traded fund (ETF).
Under the Nasdaq brand, the ETF would hold Ethereum’s native token, ether, and be listed on the exchange under the iShares brand. In terms of assets managed, iShares, BlackRock’s ETF division, oversees over $2.3 trillion. If approved, this would be the first Ethereum ETF in the United States, but the SEC hasn’t approved BlackRock’s previous Bitcoin ETF application.
“Offering ETFs opens up crypto to more retail investors at a lower cost than buying the tokens directly,” said Williams. “This is a huge stamp of approval for Ethereum.”