Breaking News: BlackRock Launches iShares Ethereum Trust ETF (ETHA) on Nasdaq
BlackRock, the world’s leading investment management firm, has officially launched the iShares Ethereum Trust ETF (ETHA) for trading on Nasdaq. This groundbreaking ETF aims to track the price of Ethereum’s native token, ether, and comes with a nominal 0.25% sponsor fee, which can be reduced to 0.12% for the first $2.5 billion in assets under management (AUM).
According to Jay Jacobs, U.S. Head of Thematic and Active ETFs at BlackRock, the strong demand for the iShares Bitcoin Trust has shown that investors prefer accessing cryptocurrencies through the convenience of the iShares investment platform. With the introduction of the iShares Ethereum Trust ETF, investors can now gain exposure to the two largest cryptocurrencies by market cap.
The iShares Ethereum Trust ETF is backed by the same institutional-grade technology and risk management expertise that powers iShares’ 1,400+ ETFs worldwide. Robert Mitchnick, Global Head of Digital Assets at BlackRock, highlighted that this new offering simplifies investor access to an asset with the potential to support a wide range of blockchain applications.
This latest addition to BlackRock’s digital assets product suite follows the successful launch of the iShares Bitcoin Trust in January 2024. It demonstrates the firm’s commitment to providing clients with access to emerging corners of the market and driving innovation.
For more information on the iShares Ethereum Trust ETF, visit iShares.com/ETHA.
In conclusion, the launch of the iShares Ethereum Trust ETF by BlackRock signifies a significant step towards mainstream adoption of cryptocurrencies. Investors now have a convenient and secure way to invest in Ethereum, one of the largest and most promising cryptocurrencies in the market. This development opens up new opportunities for diversification and potential growth in investors’ portfolios, making it a compelling option to consider for those looking to capitalize on the digital asset revolution.