BlackRock Eyes New Options for Spot Ethereum ETF Investments

Bittime - Investment giant BlackRock is again maneuvering in the crypto asset market. This time, the company plans to expand Ethereum (ETH) investment options for investors through its Exchange-Traded Fund (ETF) product, iShares Ethereum Trust (ETHA). 

This step was taken together with Nasdaq, the leading stock exchange in the United States. This plan was revealed in an official filing with the US Securities and Exchange Commission (SEC). 

ETF Ethereum Spot BlackRock dan Nasdaq Provides Flexibility for Investors

BlackRock and Nasdaq argue that the new options will provide greater flexibility for investors to exploit Ethereum's potential, while creating a more efficient and open market.

This isn't BlackRock's first foray into the world of commodity ETFs. The company already has similar products for gold and silver. Nasdaq, as a trading platform, also has experience in this regard.

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However, the journey to realizing this plan is not easy. In addition to the SEC, BlackRock and Nasdaq must also get the green light from the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC). This approval process is expected to take quite a long time, even up to April 2025.

BlackRock Ethereum ETF Records Rapid Growth

Meanwhile, BlackRock's Ethereum ETF continues to show rapid growth. Since its launch last July, assets managed by ETHA have reached more than IDR 8.3 trillion (around $521 million). 

Even though it is still far behind its competitor, Grayscale Ethereum Trust (ETHE), which manages assets of around IDR 76.3 trillion (around $4.77 billion), ETHA's growth trend is quite promising.

Many see this as a positive sign for the crypto industry. If this new option is approved, it could be a major step in attracting institutional investors to the Ethereum market. However, things can still change, and the final decision rests with the regulator.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.