Last week, BlackRock filed an application for a spot Ether (ETH) ETF, igniting a rally in the crypto market. Concerns remain about the approval of an Ether ETF due to Ethereum's status as a commodity or security.
Last week, BlackRock, the world's largest asset manager, filed an application for a spot Ether (ETH) exchange-traded fund ( ETF ) with the SEC, sparking a rally in the crypto market . This is the second time BlackRock's ETF application has boosted the market, with the first being for a spot Bitcoin (BTC) ETF .
While many expect a BTC ETF approval by Jan. 10, concerns remain about the approval of an Ether ETF due to Ethereum's status as a commodity or security.
Blackrock Ether ETF SEC Crypto Market Rally Bitcoin Ethereum Commodity Security
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