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In a strategic move to expand its presence in the digital asset arena, BlackRock, the colossal $9 trillion asset management company, has successfully registered an Ethereum Trust in the state of Delaware. The development was publicly acknowledged by Bloomberg analyst Eric Balchunas in a recent post on the X platform, previously known as Twitter.

 

 

Earlier in the year, BlackRock had sent shockwaves through the financial world by submitting an application for a Bitcoin Exchange-Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). In a noteworthy sequence of events, BlackRock’s iShares Bitcoin Trust was officially registered merely a week prior to the groundbreaking ETF application.

 

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