NewsletterBlackrock Ethereum Private Trust: Likely To Be Launched In 2023?
Blackrock Ethereum Private Trust: Following the launch of Blackrock spot Bitcoin Private Trust in August 2022, the crypto community was overjoyed. This was because Blackrock is the world’s largest fund manager, meaning potentially the most influential institutional investor the community would have asked for. In fact, as recent as January 2023, Blackrock added Bitcoin as an eligible investment to its flagship Global Allocation Fund, which is worth around $15 billion.
Also Read: Elon Musk Shares Massive Earning Potential For Twitter’s Content Creators
In this context, certain influencers are speculating the possibility of the Blackrock Ethereum Private Trust becoming a reality well within 2023. If the Ethereum Trust goes on to be launched, it could go out as a huge statement to the potential investors who are vary of the crypto market after the FTX collapse. From Ethereum’s perspective, it will be a welcome move especially in the context of the upcoming Shanghai upgrade, the biggest since The Merge.
Blackrock Ethereum Private Trust Launch In 2023?
Blackrock made it clear that it was expand its presence in the digital assets industry. In fact, Larry Fink, the Blackrock CEO, said tokenization of securities would be the future in the space. In this context, Lark Davis, a crypto influencer, is speculating that Blackrock would launch the Ethereum fund in 2023 itself, considering the asset manager’s interest in the tokenization space. In the current scenario, though, this would only be speculation although it is possible that Blackrock is working on such a move already.
Also Read: Will Metaverse Tokens Outperform Bitcoin (BTC) And Ethereum (ETH) In 2023?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments
- Crypto Bill Markup Unlikely This Month Amid DeFi, Stablecoin Yield and Conflict Disputes, Expert Says
- Breaking: U.S. PCE Inflation Rises To 2.8%, Bitcoin Climbs
- Michael Saylor Opposes Zcash-Style Privacy for Bitcoin, Citing Shutdown Risk
- Crypto Exchange Bitget Unveils Major GetAgent AI Overhaul With Faster Insights
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
- Is Cardano Price at Risk of a 50% Crash Ahead of the Midnight Launch?
- Chainlink Price Prediction as Reserves Pass 1M LINK – Is $20 Next?
- Ethereum Price Breaks Out of Falling Wedge: Next Target Now Set at $5K
- Is ZCash Price Set for a Bigger Rally After Its 10% Surge on the Bitget Listing?
- Aster Price Outlook as Buyback Wallet Burns 77.86M ASTER Worth $79.81M
