BlackRock has confirmed its plans for a spot Ethereum exchange-traded fund (ETF) with the filing of a 19b-4 form to the United States Securities and Exchange Commission. The proposed ETF, called the iShares Ethereum Trust, signals BlackRock's intention to expand beyond Bitcoin. Other financial firms, including VanEck, ARK 21Shares, Invesco, Grayscale and Hashdex, have also expressed interest in cryptocurrency-backed ETFs, with at least five firms in the running to win SEC approval for a spot Ethereum ETF.
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