Hassan Maishera
TL;DR
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Ether touched the $2k level for the first time in months as Bitcoin rally towards $38k
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BlackRock registered an iShares Ethereum Trust in the state of Delaware.
ETH Hits $2,100 As Investors Prepare For An Ether ETF
Ether, the second-largest cryptocurrency by market cap, rallied by more than 6% on Thursday to reach the $2,100 level for the first time in months. The rally comes after asset management giant BlackRock (BLK) registered an iShares Ethereum Trust in the state of Delaware on Thursday.
Thanks to this latest development, ETH reached the $2,111 level for the first time in months. An entity under the name of BlackRock Advisors filed the paperwork.
The agent on the paperwork is Daniel Schwieger, who is a managing director at BlackRock. The asset management firm has yet to provide any update on this latest development.
With the filing of the iShares Ethereum Trust in the state of Delaware, cryptocurrency investors are optimistic that BlackRock would be filing for a spot Ether ETF. BlackRock is the world’s leading asset management firm, with roughly $10 trillion in assets under management.
Bitcoin, the world’s leading cryptocurrency, was not left out of the rally. BTC rallied close to the $38k region on Thursday before retracing to now trade at just around $36,600 per coin.
The total cryptocurrency market cap stays around $1.37 trillion, with several altcoins currently trading in the red zone.
