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ETH Joins the Fun

Ethereum braces for some institutional love

Jack Inabinet
Nov 11, 2023 • 1 min read

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Ethereum broke above $2,100 on Thursday after BlackRock, America’s largest asset manager, filed for a spot ETH ETF. Approval of spot ETFs for crypto's top two assets is imminent! Still, bull market gains are not being evenly distributed.

BREAKING: @BlackRock is preparing to register a spot Ethereum ETF

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Ethereum already received regulatory clarity as a non-security in early October after the approval of ETH futures ETFs, unlocking a clear path toward approval for a spot ETF. Still, approval hype had until now been focused squarely on Bitcoin.

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.