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☆ BlackRock appears to take first steps toward an ether ETF
▼ + stars: | 2023-11-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Asset management giant BlackRock appeared to take the first steps toward an ether ETF on Thursday, sparking a rally in the cryptocurrency. A similar notice for the iShares Bitcoin Trust came one week before BlackRock's filing for a bitcoin ETF in June. The Securities and Exchange Commission has still not approved a bitcoin ETF. The regulator has long opposed such a fund and blocked Grayscale's attempt to convert its bitcoin trust product into an ETF, though a court overruled that decision in August. If the SEC does allow bitcoin ETFs, then ether funds would likely be next in line.

Persons: bitcoin Organizations: Delaware's Division, Corporations, Securities, Exchange Commission, SEC, CNBC PRO Locations: BlackRock, New York City

☆ Ether tops $2,000 for the first time since April, bitcoin climbs to an 18-month high
▼ + stars: | 2023-11-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A similar notice for the iShares Bitcoin Trust came on June 8, one week before BlackRock's filing for a bitcoin ETF. The price of ether jumped Thursday, topping the key $2,000 level for the first time since April, after BlackRock took initial steps toward filing for a spot ether ETF. Other crypto assets as well as crypto equities rode the bitcoin price wave Thursday. Meanwhile, shares of bitcoin miners rode the bitcoin wave too. Don't miss these stories from CNBC PRO:Correction: The price of bitcoin topped $37,000 for the first time since May 2022.

Persons: Clara Medalie, Ether, bitcoin, Solana, Darius Tabatabai, Gary Gensler, Microstrategy, CleanSpark, —, Jesse Pound Organizations: Delaware's Division, Corporations, BlackRock, Metrics, Cardano, SEC, CNBC, Marathon, Iris Energy Locations: Coinbase

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