BlackRock’s Plan to Launch an Ethereum ETF Boosts Ether Prices, Reflects Growing Optimism in Digital Assets
November 10, 2023 12:21 PM | 1 min read
The world’s largest asset management firm, BlackRock Inc BLK, signaled interest in launching an Ethereum ETH/USD exchange traded fund (ETF) on Thursday, a bullish sign for the digital assets space.
Following the news, Ether’s price rose 3.6% and was trading at $2,096 on Friday.
This latest development aligns with the broader themes of accessibility and mainstream crypto adoption set to be explored at Benzinga’s Future of Digital Assets conference on Nov. 14 in New York City.
Meanwhile, Bloomberg Intelligence ETF research analyst James Seyffart tweeted that it is highly likely a spot Bitcoin BTC/USD ETF will soon be approved.
Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join our Nov.14 13 Fintech Deal Day and Nov. 14 Future of Digital Assets. Secure a spot here to join them!
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.