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Ether Explodes

It's Ether szn as Larry Fink puts his attention on an ETH spot ETF

Jack Inabinet
Nov 9, 2023 • 1 min read

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BlackRock, America’s largest asset manager, has taken the first step towards filing for a spot ETH ETF! Ethereum broke above $2k on the news and is up nearly 7% on the day.

BLACKROCK ETH ETF CONFIRMED IN NASDAQ FILING

Source: DB | Coins: ETH

The past month may have been brutal for the ETH/BTC ratio, which persistently declined as traders positioned themselves for the likely approval of a spot BTC ETF, but today’s news has managed to breathe a spark of life back into the ratio and was enough to birth a +6.6% candle.

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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 apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.