Based on the saga prospective Bitcoin ETF issuers have gone through, U.S. securities regulators would likely have to approve a spot Ether ETF, said Bloomberg analyst Eric Balchunas.
Ether rallied past $2,000 for the first time sine April on Thursday after an X user uncovered that BlackRock, the world’s largest asset manager, has registered an entity called the iShares Ethereum Trust in Delaware.
Balchunas said that the Securities and Exchange Commission will likely have to approve an ETF linked to the spot price of Ethereum's native token, Ether, because it has already approved Ether futures ETFs.
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