BlackRock updates information on its Ethereum ETF
Following the SEC's approval of 19b-4, which allows US exchanges to list spot Ethereum ETFs, BlackRock (the world's largest asset manager) filed an S-1 registration statement last week. amended with the SEC, a step closer to the approval and trading of a spot Ethereum ETF in the US. However, the optimistic news did not help much for Ethereum, which closed the week unchanged at $3,780.
The recently released PCE (Personal Consumption Expenditure) data, the Federal Reserve's preferred inflation measure, also failed to serve as a catalyst for cryptoasset prices, as they stood at 2.7% year-on-year, in line with expectations. analyst forecasts.
The total capitalization of the cryptoasset market is currently around $2.5 trillion, about $500 billion less than the maximum reached in 2021.
