Since taking out the $32,000 level of resistance near the end of October, the price of one bitcoin has surged to $38,000. The last time the bitcoin price traded near this level was over a year ago, in May 2022.
BlackRock has officially confirmed its plans for a spot Ethereum exchange-traded fund (ETF) through a filing with the SEC. The filing, submitted by Nasdaq on behalf of BlackRock, proposes an ETF named the 'iShares Ethereum Trust'. This move signifies BlackRock's intention to expand its ETF offerings beyond Bitcoin.
Several financial firms, including BlackRock, have shown interest in cryptocurrency-backed ETFs, with at least five firms vying for SEC approval for a spot Ethereum ETF, according to Bloomberg's James Seyffart.
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