Cryptocurrency market observers are wondering if a spot Ether exchange-traded fund (ETF) could be in the works from Blackrock (BLK), which filed for a corporation named "iShares Ethereum Trust" in Delaware. The price of Ether (ETH/USD) spiked roughly🌼 7% be𝓰fore paring back some of those gains.

Blackrock made a similar move with iShares Bitcoin Trust roughly one week before applying for a 澳洲幸运5官方开奖结果体彩网:spot bitcoin ETF with the 澳洲幸运5官方开奖结果体彩网:U.S. Securities and Exchange Comꦛmission (SEC).

The possibility of a spot bitcoin ETF receiving approval from the SEC has been all the talk in the crypto industry ever since Blackrock originally 澳洲幸运5官方开奖结果体彩网:filed for its offering in June of this year. Bitcoin's (BTC/USD) price is up more than 40% since that application was filed. Analysts from Bloomberg, JPMorgan Chase, and elsewhere see an approval of at least one spot bitcoin ETF by January of next year as 澳洲幸运5官方开奖结果体彩网:very likely.

A number of futures-based Ether ETFs were already launched roughly one month ago, but they have 澳洲幸运5官方开奖结果体彩网:failed to gain much traction. At this time, it is unclear if Blackℱrock's potential Ether ETF would be based on future𝔍s or spot offerings. It is thought that a spot Ether ETF would have major implications for the crypto asset in terms of putting it on a similar regulatory footing as bitcoin in the eyes of the SEC.