Ethereum ETF -  iShares

In a world where cryptocurrencies are taking the financial landscape by storm, BlackRock, the pioneers of innovative investment solutions, have set their sights on Ethereum. Brace yourselves for iShares, the revolutionary Ethereum Exchange-Traded Fund (ETF) that will change the way we invest and embrace the power of blockchain technology.

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Ether Jumps Over $2.4K as Traders Bet on Possible Ether ETF Next.
BlackRock had previously filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF).

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Ether (ETH) and native tokens of applications built on Ethereum surged in the past 24 hours as traders bet on the likelihood of the possible proposal of an ether exchange-traded fund (ETF) following the expected approval of a bitcoin ETF in the U.S.
Ether exchanged hands over $2,400 in early European hours Wednesday, up 5% in 24 hours. Bitcoin was down 2.2% in the same period as a series of fake tweets from the temporarily hacked U.S. Securities and Exchange Commission's X account, which created significant volatility in bitcoin trading.

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BlackRock had previously filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF).

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Sentiment in the crypto community suggests traders are positioning themselves for an eventual ether-focused product ā€“ which could be the first time professional investors in the U.S. gain spot exposure to the blockchainā€™s token without having to own it.

Lidoā€™s LDO and RocketPoolā€™s RPL gained as much as 17% before retreating. Both protocols allow users to stake ether on their platforms and earn around 4.5% in annualized staking rewards.

Elsewhere, tokens of layer 2 networks such as Mantleā€™s MNT and Optimismā€™s OP gained as much as 9%. These networks are built atop Ethereum but operate as independent blockchains, allowing users to transact cheaply and much faster than the main blockchain.
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But some stated that select tokens could gain in the coming days. "Tokens in the ETH ecosystem like LIDO, ENS, and MKR experienced sharp up moves which should continue to take the attention away from BTC as traders now must position for the possibility of an ETH ETF," said Jack Tan co-founder of crypto exchange WOO X, in a Telegram message.

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"The main idea is that ETH, being the second largest cryptocurrency, would have the highest probability of being the next ETF after BTC,ā€ Martin Lee, analyst at on-chain data firm Nansen, told CoinDesk in a Telegram message.

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