BlackRock’s spot Ethereum ETF plan is Confirmed after Nasdaq Filing

Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF)

have now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exchange Commission on Nov. 9. Nasdaq filed the 19b-4 form to the securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF called the “iShares Ethereum Trust.”

The move signals BlackRock’s intention to expand beyond Bitcoin with its ETF aspirations.

Earlier on Nov. 9, it emerged that BlackRock registered corporate entity iShares Ethereum Trust in Delaware, the first hint that a spot Ethereum ETF filing could be imminent.

BlackRock and other financial firms have expressed interest in cryptocurrency-backed ETFs over the last few months.

Bloomberg ETF analyst James Seyffart noted that there are at least five firms in the running to win the Securities and Exchange Commission’s approval for a spot Ethereum ETF.

Ether (ETH) spiked 8.9% to $2080 on the news that BlackRock is moving forward its plans for an iShares Ethereum Trust and is up 10.1% over the last 24 hours, according to CoinGecko.