BlackRock ETH ETF helps price past $2K; community sees BTC ETF as ‘done deal’ By Cointelegraph


© Reuters.

The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year.

BlackRock’s intention to file for an Ether spot ETF had a bullish effect on the crypto market, helping ETH get past the critical resistance of $2,000 for the first time in six months.

ETH price chart. Source: TradingView