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Does BlackRock want ETH

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Photo by Behnam Norouzi on Unsplash

ETF BlackRock is the world’s largest fund manager. Last week, the finance giant filed an application to offer an exchange-traded fund (ETF) based on the cryptocurrency Ethereum (ETH). This is the first of many steps that will be required to get approval from the SEC.

It looks like BlackRock is following the same pattern it used for its bitcoin (BTC) spot bitcoin ETF application.