BlackRock’s iShares Ethereum Trust ETF Set to Launch
BlackRock's iShares Ethereum Trust ETF (ETHA) has received SEC approval and is set to launch on Nasdaq on July 23, 2024. The ETF aims to track the price of ether, Ethereum's native token. ETHA features a 0.25% sponsor fee, with a one-year waiver reducing it to 0.12% on the first $2.5B AUM. Jay Jacobs, U.S. Head of Thematic and Active ETFs, highlighted increasing client interest in digital asset exposure through ETPs.
Ethereum, the second-largest cryptocurrency by market cap, is positioned as a global technology platform driving digital transformation. Over the past 12 months, iShares has launched 170 ETFs and ETPs, including the iShares Bitcoin Trust (IBIT). With over 20 years of experience and more than 1,400 ETFs globally, iShares continues to innovate and provide investors with diverse investment options.
Il BlackRock iShares Ethereum Trust ETF (ETHA) ha ricevuto l'approvazione dalla SEC e si prepara a lanciarsi sul Nasdaq il 23 luglio 2024. L'ETF mira a tracciare il prezzo dell'ether, il token nativo di Ethereum. ETHA prevede una commissione del 0,25% per lo sponsor, con una deroga di un anno che la riduce allo 0,12% sui primi 2,5 miliardi di dollari AUM. Jay Jacobs, Responsabile Statunitense degli ETF Tematici e Attivi, ha sottolineato l'aumento dell'interesse dei clienti per l'esposizione agli asset digitali tramite ETP.
Ethereum, la seconda criptovaluta per capitalizzazione di mercato, si posiziona come una piattaforma tecnologica globale che guida la trasformazione digitale. Negli ultimi 12 mesi, iShares ha lanciato 170 ETF e ETP, inclusi l'iShares Bitcoin Trust (IBIT). Con oltre 20 anni di esperienza e più di 1.400 ETF a livello globale, iShares continua a innovare e a offrire agli investitori opzioni di investimento diversificate.
El BlackRock iShares Ethereum Trust ETF (ETHA) ha recibido la aprobación de la SEC y está listo para lanzarse en el Nasdaq el 23 de julio de 2024. El ETF tiene como objetivo seguir el precio del ether, el token nativo de Ethereum. ETHA cuenta con una tarifa de patrocinio del 0,25%, con una exención de un año que la reduce al 0,12% sobre los primeros 2.5 mil millones de dólares en AUM. Jay Jacobs, Jefe de ETFs Temáticos y Activos en EE.UU., destacó el creciente interés de los clientes por la exposición a activos digitales a través de ETPs.
Ethereum, la segunda criptomoneda más grande por capitalización de mercado, se posiciona como una plataforma tecnológica global que impulsa la transformación digital. En los últimos 12 meses, iShares ha lanzado 170 ETFs y ETPs, incluido el iShares Bitcoin Trust (IBIT). Con más de 20 años de experiencia y más de 1,400 ETFs a nivel mundial, iShares continúa innovando y ofreciendo a los inversores opciones de inversión diversificadas.
블랙록 아이Shares 이더리움 트러스트 ETF (ETHA)가 SEC의 승인을 받아 2024년 7월 23일 나스닥에 상장될 예정입니다. 이 ETF는 이더리움의 기본 토큰인 이더의 가격을 추적하는 것을 목표로 하고 있습니다. ETHA는 0.25%의 후원자 수수료를 가지고 있으며, 최초 25억 달러 AUM에 대해 0.12%로 줄어드는 1년간 면제혜택이 있습니다. 미국의 테마 및 능동적인 ETF 책임자 제이 제이콥스는 ETP를 통한 디지털 자산 노출에 대한 고객의 관심 증가를 강조했습니다.
이더리움은 시가총액 기준으로 두 번째로 큰 암호화폐로, 디지털 전환을 이끄는 글로벌 기술 플랫폼으로 자리잡고 있습니다. 지난 12개월 동안 iShares는 170개의 ETF와 ETP를 출시했으며, 그 중에는 iShares 비트코인 트러스트 (IBIT)도 포함됩니다. 20년 이상의 경험과 1,400개 이상의 글로벌 ETF를 보유한 iShares는 혁신을 지속하고 투자자에게 다양한 투자 옵션을 제공합니다.
Le BlackRock iShares Ethereum Trust ETF (ETHA) a reçu l'approbation de la SEC et devrait être lancé sur le Nasdaq le 23 juillet 2024. L'ETF vise à suivre le prix de l'ether, le jeton natif d'Ethereum. ETHA a des frais de parrainage de 0,25 %, avec une exonération d'un an réduisant ce montant à 0,12 % sur les premiers 2,5 milliards de dollars d'AUM. Jay Jacobs, responsable des ETFs thématiques et actifs aux États-Unis, a souligné l'intérêt croissant des clients pour l'exposition aux actifs numériques via les ETP.
Ethereum, la deuxième plus grande cryptomonnaie par capitalisation boursière, est positionnée comme une plateforme technologique mondiale propulsant la transformation numérique. Au cours des 12 derniers mois, iShares a lancé 170 ETFs et ETPs, y compris l'iShares Bitcoin Trust (IBIT). Avec plus de 20 ans d'expérience et plus de 1 400 ETFs dans le monde, iShares continue d'innover et d'offrir aux investisseurs des options d'investissement diversifiées.
Der BlackRock iShares Ethereum Trust ETF (ETHA) hat die Genehmigung der SEC erhalten und wird am 23. Juli 2024 an der Nasdaq eingeführt. Das ETF zielt darauf ab, den Preis von Ether, dem nativen Token von Ethereum, nachzuverfolgen. ETHA hat eine Sponsorgebühr von 0,25%, mit einer einjährigen Befreiung, die diese auf 0,12% für die ersten 2,5 Milliarden USD AUM senkt. Jay Jacobs, US-Chef für thematische und aktive ETFs, hob das zunehmende Interesse der Kunden an digitalen Vermögenswerten über ETPs hervor.
Ethereum, die zweitgrößte Kryptowährung nach Marktkapitalisierung, positioniert sich als globale Technologieplattform, die die digitale Transformation vorantreibt. In den letzten 12 Monaten hat iShares 170 ETFs und ETPs eingeführt, darunter den iShares Bitcoin Trust (IBIT). Mit über 20 Jahren Erfahrung und mehr als 1.400 ETFs weltweit weiterhin innovativ und bietet den Anlegern vielfältige Anlagemöglichkeiten.
- SEC approval for BlackRock's iShares Ethereum Trust ETF (ETHA)
- Competitive fee structure: 0.25% sponsor fee with a one-year waiver to 0.12% on first $2.5B AUM
- Launch of 170 ETFs and ETPs by iShares in the last 12 months
- Expansion into cryptocurrency market with both Bitcoin and Ethereum ETFs
- None.
Insights
The launch of BlackRock’s iShares Ethereum Trust ETF (ETHA) marks a significant development in the financial markets. This ETF offers institutional investors and retail investors a new avenue to gain exposure to Ethereum, a leading cryptocurrency. By providing a regulated investment vehicle, ETHA reduces the complexity and risks associated with directly holding cryptocurrencies. The sponsor fee of 0.25%, with a one-year waiver to 0.12% for the first $2.5B in AUM, is competitive and signals BlackRock's intent to attract substantial investment early on.
For retail investors, this means easier access to Ethereum with lower costs compared to direct purchase and storage. Institutional investors will likely appreciate the liquidity and transparency offered by ETHA. Given BlackRock's extensive experience and successful track record with ETFs, we can expect ETHA to gain significant traction in the market. This move also aligns with the growing interest in digital assets as a diversified investment strategy.
Short-term, the launch could boost Ethereum prices due to increased demand. Long-term, the presence of a major player like BlackRock in the cryptocurrency space could lead to greater adoption and legitimacy of digital assets, potentially driving more regulatory clarity and mainstream acceptance.
Ethereum’s technology platform is a important aspect of its value proposition. Analogous to an 'app store,' it allows developers to build decentralized applications (dApps) that leverage smart contracts. These applications have the potential to revolutionize industries such as finance, supply chain and identity verification by reducing intermediaries and increasing transparency and efficiency.
The introduction of ETHA by BlackRock underscores the robustness and potential of the Ethereum network. As more financial products like ETFs incorporate ether, the underlying technology's credibility and usage will likely grow. This development can stimulate further technological advancements and adoption across sectors that Ethereum targets.
For investors, understanding Ethereum’s functionality can provide deeper insights into the value behind ETHA. Ethereum's decentralized nature and its ability to support various applications make it a versatile and innovative asset in the digital economy.
The effective registration of BlackRock's iShares Ethereum Trust ETF by the SEC is a landmark event in the market for digital assets. BlackRock’s strategic move to launch ETHA is a response to the increasing market demand for simplified and regulated cryptocurrency exposure. According to recent market trends, there is a significant appetite among investors for digital asset ETFs, highlighted by the success of prior launches such as the iShares Bitcoin Trust (IBIT).
The competitive fee structure and BlackRock’s established reputation in the ETF market will likely position ETHA as a preferred choice for investors seeking Ethereum exposure. This launch aligns with broader trends of digital asset integration into traditional financial markets, potentially driving a shift in investment strategies to include a greater mix of traditional and digital assets.
Looking ahead, ETHA's performance could set a precedent for future digital asset ETFs. The success of such products could encourage other financial institutions to develop similar offerings, further integrating digital assets into mainstream investment portfolios.
"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,
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
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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
Important Information
A registration statement has been filed for the iShares Ethereum Trust ETF (“the Trust”) and the registration statement has become effective. However, shares of the Trust are not yet available for purchase or sale. Carefully consider the Trust’s investment objectives, risk factors, and charges and expenses before investing. This information must be accompanied or preceded by a current iShares Ethereum Trust ETF prospectus and iShares Bitcoin Trust Prospectus. Please read the prospectuses carefully before investing.
The iShares Trusts are not investment companies registered under the Investment Company Act of 1940, and therefore are not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940. Investments in these products are speculative and involve a high degree of risk.
Investing involves a high degree of risk, including possible loss of principal. An investment in the Trust is not suitable for all investors, may be deemed speculative and is not intended as a complete investment program. An investment in Shares should be considered only by persons who can bear the risk of total loss associated with an investment in the Trust.
Investing in digital assets involves significant risks due to their extreme price volatility and the potential for loss, theft, or compromise of private keys. The value of the shares is closely tied to acceptance, industry developments, and governance changes, making them susceptible to market sentiment. Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on their acceptance. Changes in the governance of a digital asset network may not receive sufficient support from users and miners, which may negatively affect that digital asset network’s ability to grow and respond to challenges Investing in the Trust comes with risks that could impact the Trust's share value, including large-scale sales by major investors, security threats like breaches and hacking, negative sentiment among speculators, and competition from central bank digital currencies and financial initiatives using blockchain technology. A disruption of the internet or a digital asset network would affect the ability to transfer digital assets and, consequently, would impact their value. There can be no assurance that security procedures designed to protect the Trust’s assets will actually work as designed or prove to be successful in safeguarding the Trust’s assets against all possible sources of theft, loss or damage.
The Trust may incur certain extraordinary, non-recurring expenses that are not assumed by the Sponsor.
The iShares Ethereum Trust ETF (the “Trust”) is not sponsored, endorsed, issued, sold or promoted by Stiftung Ethereum (the "Ethereum Foundation"), nor does the Ethereum Foundation make any representation regarding the advisability of investing in the Trust. BlackRock is not affiliated with the Ethereum Foundation. Ethereum Marks are owned by the Ethereum Foundation, used under license.
Shares of the Trust are not deposits or other obligations of or guaranteed by BlackRock, Inc., and its affiliates, and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency. The sponsor of the trust is iShares Delaware Trust Sponsor LLC (the “Sponsor”). BlackRock Investments, LLC ("BRIL"), assists in the promotion of the Trust. The Sponsor and BRIL are affiliates of BlackRock, Inc. The bitcoin and ether Custodian is Coinbase Custody Trust Company, LLC, which is not affiliated with BlackRock, Inc. The Sponsor is not responsible for losses incurred due to loss, theft, destruction, or compromise of the trust's bitcoin or ether.
©2024 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are trademarks of BlackRock, Inc., or its affiliates. All other trademarks are the property of their respective owners.
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1 BlackRock will waive a portion of the Sponsor’s Fee for the first 12 months commencing on July 23, 2024, so that the fee will be
2 Source: The Block, as of May 21, 2024. Ethereum’s market capitalization of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240722299039/en/
Press Contacts:
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Source: BlackRock
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