HyFi & Fintech
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25/7/2024

BlackRock’s iShares Ethereum Trust ETF Set to Launch

BlackRock’s iShares Ethereum Trust ETF Set to Launch
BlackRock’s iShares Ethereum Trust ETF Set to Launch

The registration statement for BlackRock’s iShares Ethereum Trust ETF (ETHA), has been declared effective by the U.S. Securities and Exchange Commission (SEC). ETHA seeks to track the price of Ethereum’s native token, ether, and is expected to begin trading on Nasdaq on July 23, 2024. ETHA carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $2.5B assets under management (AUM)1.

"Our clients are increasingly interested in gaining exposure to digital assets through exchange-traded products (ETPs) which provide convenient access, liquidity and transparency," said Jay Jacobs, U.S. Head of Thematic and Active ETFs. “Ethereum’s appeal lies in its decentralized nature and its potential to drive digital transformation in finance and other industries.”

The iShares Ethereum Trust ETF (ETHA) offers exposure to the Ethereum's native token, ether, the second largest cryptocurrency by market capitalization.2 Ethereum, a global technology platform, is similar to an app store that generates value for ether as usage increases and more applications are built on top of it.

Over the last 12 months, iShares has launched 170 ETFs and ETPs including the iShares Bitcoin Trust (IBIT), driving innovation and providing investors with more choices to help them meet their investment goals.

With over 20 years of experience and more than 1,400 ETFs globally, iShares has helped millions of investors access different corners of the market. Every iShares product is underpinned by decades of investment expertise and institutional grade technology.

To learn more about the iShares Ethereum Trust ETF filing visit: https://www.sec.gov/Archives/edgar/data/2000638/000143774924023199/iset20240720_424b3.htm

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

About iShares

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and $3.86 trillion in assets under management as of June 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

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