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:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

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 Report Templates.jpg

Research

Bluefin possibly stands at an inflection point. The token is near an all-time low yet the protocol’s spot volume market share and derivatives exchange usage have been increasing month over month since its November launch. Given its current market position and the upcoming upgrades (for both Bluefin and SUI), there may be upside potential before the increased supply growth in December. However, strong opposition from existing competitors (like Cetus and Suilend), as well as new entrants (like Aftermath), pose key challenges to Bluefin’s medium-term success.

article-image

Top Committee Democrat Sen. Elizabeth Warren in her opening statement accused Atkins of “helping billionaire CEOs like Sam Bankman-Fried”

article-image

Introducing garbled circuits for enhanced privacy and regulatory compliance

article-image

Ross Ulbricht was a freedom maximalist building freedom tech, powered by Bitcoin

article-image

Solana validators can reap benefits including payments, votes and community clout

article-image

Sponsored

WalletConnect is cementing itself as the essential connectivity layer, ensuring wallets remain the entry point for billions of users

article-image

According to a legal filing, Galaxy Digital helped boost the price of LUNA while quietly selling its tokens