In a move that signals growing institutional interest in cryptocurrency, BlackRock Inc. (NYSE: BLK), the global investment management colossus, has taken a step toward launching an Ether exchange-traded fund.
The firm submitted the required 19b-4 form late Thursday afternoon detailing its plans.
The filing indicates that BlackRock is poised to leverage the Coinbase (NASDAQ: COIN) Custody Trust Company's services to safeguard the proposed ETF's holdings.
The ETF would be benchmarked against the CME CF Ether-Dollar Reference Rate - New York Variant.
This development aligns with the broader themes of accessibility and mainstream crypto adoption set to be explored at ...