The world’s largest asset manager, Blackrock, has outlined why the U.S. Securities and Exchange Commission (SEC) “must” approve spot Ethereum exchange-traded funds (ETFs). Nasdaq, which has filed with the SEC to list and trade shares of Blackrock’s spot ether ETF, believes that approval of a spot ETH ETF would be “a major win for the protection of U.S. investors” in the crypto space. Blackrock Argues SEC ‘Must’ Approve Spot Ether ETF Blackrock, the world’s largest asset manager, has argued that the U.S. Securities and Exchange Commission (SEC) must approve spot ether exchange-traded funds (ETFs) like the one it seeks to launch. Nasdaq Stock Market filed with the SEC to list and trade shares of Blackrock’s spot ether ETF called “Ishares Ethereum Trust” last week after the asset manager registered the fund with Delaware’s Division of Corporations. In its SEC filing , Nasdaq Stock Market LLC detailed that the sponsor of Blackrock’s spot ether ETF is Ishares Delaware Trust Sponsor LL
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