In a recent development, BlackRock, a renowned asset management giant, has reportedly registered the iShares Ethereum Trust in the state of Delaware. The filing, made by an entity under the name of BlackRock Advisors, reveals Daniel Schwieger as the registered agent—an individual who can be found on LinkedIn as a managing director at BlackRock.
Although BlackRock declined to provide any comment on this news, the registration of the iShares Ethereum Trust implies the company’s growing interest in the crypto market. This move aligns with the widespread rally witnessed in the crypto markets, where ether (ETH) has experienced a noteworthy surge. Following the announcement, ether recorded a further 7% increase in value during the session, reaching $2,105.
The iShares Ethereum Trust, upon successfully launching, could pave the way for BlackRock to enter the decentralized finance (DeFi) space. With DeFi gaining significant traction in recent years, BlackRock’s entrance could potentially be a game-changer for both the traditional asset management industry and the world of decentralized finance.
FAQ:
Q: What is the iShares Ethereum Trust?
A: The iShares Ethereum Trust is a new investment product that BlackRock has registered in Delaware. It indicates BlackRock’s interest in offering exposure to Ethereum and the crypto market.
Q: What is decentralized finance (DeFi)?
A: Decentralized finance, or DeFi, refers to a system of financial applications and services built on blockchain technology that aim to provide decentralized alternatives to traditional financial intermediaries and services.
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