Ethereum Gains BlackRock’s Support: Asset Manager Registers Trust As ETH Tops $2,000

2023-11-9 19:14

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has witnessed a remarkable surge of 7.4% in the past 24 hours, reaching $2,023 since April 2023. 

This surge in Ethereum’s value closely mirrors the recent upward movement of Bitcoin (BTC). It coincides with reports indicating that BlackRock, a renowned asset manager overseeing $9 trillion in assets, has registered an Ethereum Trust in Delaware.

Blackrock Ethereum ETF On The Horizon?

BlackRock made significant waves earlier this year when it submitted a filing for a spot Bitcoin exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). 

Subsequently, BlackRock’s iShares Bitcoin Trust successfully obtained registration, solidifying the firm’s presence in the emerging cryptocurrency industry.

Nevertheless, the possibility of BlackRock filing for a spot Ether ETF has been a subject of discussion among industry experts for some time. 

The registration of the Ether Trust by BlackRock reinforces the firm’s confidence in the long-term potential and impact of Ethereum, further strengthening its position within the digital asset industry and, as already seen, can significantly boost the price of ETH.

ETH Prepares To Break Key Price Range

In recent weeks, ETH had been consolidating between $1,800 to $1,890, as observed between October 24 and November 8. 

However, according to crypto expert Scott Melker, once Ethereum fully breaks and consolidates above the $2,000 to $2,100 range, a significant surge in price can be expected, indicating positive market sentiment.

As BlackRock continues to explore digital asset services and the potential for an Ether ETF, market participants will closely monitor the developments in the regulatory landscape. 

Approving an Ether ETF in the United States would provide investors with a regulated and accessible investment vehicle, potentially expanding the reach of Ethereum and validating its long-term growth potential.

Featured image from Shutterstock, chart from TradingView.com 

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2119.1 (+2.18%)
Объем 24H $23.428b
Изменеия 24h: 3.05 %, 7d: 2.16 %
Cегодня L: $2059.85 - H: $2135.03
Капитализация $255.758b Rank 2
Цена в час новости $ 2037.46 (4.01%)

ethereum eth surge april hours 2023 reaching

Источник: bitcoinist.com

ethereum eth → Результатов: 126


BitMine Expands Ethereum Treasury With Over 51,000 ETH Purchase

Bitmine Immersion Technologies has significantly expanded its Ethereum treasury, acquiring an additional 51,162 ETH over the past week as part of an aggressive accumulation strategy. The latest purchases bring the company’s total Ethereum holdings to 4,422,659 ETH as of February 22–23, 2026, reinforcing its position as one of the largest institutional holders of Ethereum. According [...]

2026-2-24 20:15


What BlackRock’s Latest Filing Means For The Ethereum Price

The latest S-1 registration submitted to the US Securities and Exchange Commission has placed Ethereum back at the center of market speculation. A recent SEC document shows that BlackRock’s iShares division has formally filed to launch a staked ETH exchange-traded fund, a move that would give traditional investors access not only to ETH price exposure […]

2025-12-10 04:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch?

Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport.

Ethereum Price Stays Flat Despite Today’s ETF Debut: QCP Explains Why

In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the market’s response has been unexpectedly subdued. Analysts from Singapore-based crypto asset trading firm QCP Capital have shed light on the reasons behind this muted reaction, blaming the situation on previous market behaviors and other news from the broader market.

Spot Ethereum ETFs debut on US markets as trading commences

The debut of spot Ethereum ETFs in the US market signifies a growing acceptance and integration of cryptocurrencies into mainstream financial systems. The post Spot Ethereum ETFs debut on US markets as trading commences appeared first on Crypto Briefing.