Bloomberg senior ETF analyst James Seyffart confirmed earlier that asset management giant BlackRock has confirmed that it has submitted a 19b-4 document to the SEC and plans to apply for an Ethereum spot ETF – ishares Ethereum Trust. Inspired by this, Ethereum also rushed to $2,100 in a short period of time.
(Previous summary: The female stock god’s Ark Investment applied for an “Ethereum Spot ETF” with the SEC, and ETH once shot up to 1,670)
(Background supplement: BlackRock Bitcoin Spot ETF is rumored to have negotiated with well-known market makers such as Jane Street and Jump, and BTC has closed at 35,000)
Keep rising! At around 07:30 this morning (October 10), Taiwan time, the spot price of Ethereum (ETH) on Binance reached a maximum of $2,132. At the time of writing, it was quoted at $2,116. It has increased by more than 12% in the past 24 days and reached the highest level since May this year. .
Source: Binance
The reason why Ethereum soared so quickly was because it was reported late last night that Blackrock was interested in applying for an Ethereum spot ETF.
According to the latest document screenshot released by Bloomberg analyst James Seyffart on Trust”.
UPDATE: BlackRock #Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq pic.twitter.com/pLhuhhK7jo
— James Seyffart (@JSeyff) November 9, 2023
According to James Seyffart, there are currently 5 spot Ethereum ETF applications for registration: Vaneck, ARKInvest/21Shares, Hashdex, Invesco US/Galaxy, and Grayscale have submitted applications for conversion to ETHE.
However, at the same time, the price of Bitcoin fell rapidly after reaching nearly $38,000 last night. It remains to be seen whether ETH can continue to rise against the background of BTC’s correction.
VanEck Ethereum Strategy ETF listed on Chicago Board Options Exchange
Another reason that may also be boosting the price of ETH is that the American asset management company VanEck posted on X around the same time last night that its Ethereum Strategy ETF has been listed on the Chicago Board Options Exchange (Cobe) with the trading code EFUT. The total rate is 0.66%.
It is understood that VanEck’s Ethereum Strategy ETF seeks capital appreciation by investing in Ethereum futures contracts and provides Ethereum-related investments through easy-to-use exchange trading tools, but does not directly invest in Ethereum or other digital assets.
Options Trading: Now Listed for the $EMPTY ETF.
— VanEck (@vaneck_us) October 19, 2023
📍Related reports📍
Another big reversal! BlackRock Bitcoin Spot ETF (IBTC) has rejoined the listing list. What tricks is DTCC playing?
Spot ETFs are loaded!BlackRock will deploy “seed capital” to buy BTC in October, and the securities code is ready
Grayscale submitted a conversion application for “Ethereum Spot ETF”. Could the negative premium of ETHE be a good investment opportunity?
Tags: BlackRockETFETH Ethereum Ethereum Spot ETF BlackRock
2023-11-10 00:30:23
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