BlackRock has apparently registered an Ethereum trust in the state of Delaware, which is possibly a first step toward an Ether (ETH) spot exchange-traded fund (ETF).
BlackRock registered an analogical Bitcoin (BTC) trust in June, shortly before filing with the United States Securities and Exchange Commission (SEC) for a Bitcoin ETF.
The entity has been registered by the state’s Division of Corporations with a formation date of Nov. 9. The agent registered is Daniel Schweiger at the address of BlackRock in Wilmington, DE. According to LinkedIn, Schwieger is a BlackRock managing director.
Related: SEC’s first window to approve all 12 spot Bitcoin ETFs to begin today
ETH has risen 5.77%. BlackRock declined to comment in response to Cointelegraph inquiries.
This is a developing story, and further information will be added as it becomes available.