The world’s largest asset management firm, BlackRock Inc (NYSE:BLK), signaled interest in launching an Ethereum (CRYPTO: ETH) exchange traded fund (ETF) on Thursday, a bullish sign for the digital assets space.
Following the news, Ether’s price rose 3.6% and was trading at $2,096 on Friday.
This latest development aligns with the broader themes of accessibility and mainstream crypto adoption set to be explored at Benzinga’s Future of Digital Assets conference on Nov. 14 in New York City.
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Meanwhile, Bloomberg Intelligence ETF research analyst James Seyffart tweeted that it is highly likely a spot Bitcoin (CRYPTO: BTC) ETF will soon be approved.
New Research note from me today. We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals. But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD
— James Seyffart (@JSeyff) November 8, 2023
Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join our Nov.14 13 Fintech Deal Day and Nov. 14 Future of Digital Assets. Secure a spot here to join them!
Read Next: Bitcoin’s Current Uptick Just The Start, Benzinga Pinpoints 3 Major Catalysts Ahead
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