BlackRock Launches Ethereum Trust ETF, Driving Potential Market Shifts

BlackRock has officially launched the iShares Ethereum Trust ETF, offering investors a regulated pathway to access Ethereum’s potential while bypassing some of the complexities associated with direct investment. This move follows in the footsteps of the REX-Osprey ETF which paved the way for similar initiatives. 8% surges in ETH prices are being linked to this news alone. The ETF aims to provide both spot and staking-enabled exposure, allowing investors to capitalize on Ethereum’s Proof-of-Stake yields. The market’s response was swift, with ETH trading at around $2,040 following the ETF registration announcement.