BlackRock appears set to propose a spot ether ETF

A filing for an iShares Ethereum Trust appeared on Delaware’s state website Thursday

article-image

ING Studio1985/Shutterstock modified by Blockworks

share

Update: BlackRock Thursday afternoon submitted a 19b-4 filing with Nasdaq, which is an SEC form to record rule changes. The filing noted that BlackRock intends to list and trade shares of the iShares Ethereum Trust on the Nasdaq exchange.


BlackRock could jump into the race for a spot ether ETF soon after the asset management giant proposed a bitcoin fund in June, a Thursday disclosure suggests.  

A filing for an iShares Ethereum Trust appeared on the website for Delaware’s department of state Thursday. 

The filing could signal the finance giant, which manages about $9 trillion in assets, plans to propose such an offering to the US Securities and Exchange Commission. It appears no formal proposal has been made to the regulator. 

Loading Tweet..

A BlackRock spokesperson declined to comment. 

BlackRock filed with the SEC to launch a spot bitcoin ETF on June 15. A disclosure for that planned iShares Bitcoin Trust, however, had appeared on Delaware’s website on June 8.

Ether’s price was at about $2,030 at 10:30 am ET — up more than 8% in the last 24 hours. 

Read more: Another ether ETF launches — where do the rest stand?

BlackRock would join several other issuers seeking to offer an ETF that holds ETH directly, including Ark Invest and 21Shares, as well as VanEck.  

Grayscale Investments moved on Oct. 2 to convert its Ethereum Trust into a spot ether fund.   Hashdex and Invesco also have filings in front of the SEC to launch spot ether products.

Updated Nov. 9, 2023 at 10:50 am ET: Modified for additional context.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

For just $54, you, too, could send a memecoin 500% higher

article-image

Memecoins, tech, and inflation have dominated the first half of the year

article-image

As the Trump administration continues to test Fed independence, markets are beginning to react

article-image

An Aave interest rate shock prompted over 475,000 validators to exit and pushed stETH into a prolonged depeg

article-image

While Roman Storm’s team is set to present its case, it’s not yet clear if the Tornado Cash founder will testify

article-image

A wireless network inspired by lost drones is now helping telco carriers reach your phone indoors