BlackRock has officially registered the iShares Ethereum Trust as the price of ether surpasses US$2,000


The price of ether hit a new all-time high by more than six months, reaching US$2,045.

On Thursday, the value of ether, the world’s second-largest cryptocurrency behind crypto, broke beyond the $2,000 threshold for the first time since April 2023. In the meanwhile, the price of bitcoin topped $37,000 US.

To trade at US$2,045 per coin, ether had a price increase of 8.46% during the previous 24 hours leading up to 11:20 p.m. in Hong Kong.

On Thursday, the biggest asset management in the world, BlackRock, filed the iShares Ethereum Trust as a business in the state of Delaware, which may be a clue that the company will be filing for a spot Ether ETF.

According to CoinMarketCap, the price of one bitcoin increased by 6.75 percent during the same period of time, reaching 37,630 US dollars.

In addition, Thursday marked the beginning of a period of eight days during which the SEC would “theoretically approve” pending applications for spot ETFs including Bitcoin.

During the previous day and a half, the total market capitalization of all cryptocurrencies rose by 5.95%, reaching $1.41 trillion USD.

Also Read: U.S. Bill Prohibits Government Access to China-Made Blockchains and USDT

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