Tokens of ether (ETH) liquid staking platforms as well as Coinbase shares surged Thursday on hope asset management giant BlackRock (BLK) may soon file to offer a spot ether exchange-traded fund (ETF).
The iShares Ethereum Trust was registered by BlackRock Advisors as a corporate entity in Delaware. News of the filing Thursday morning sent ether soaring to as high as $2,100 – its strongest level since April’s Shanghai upgrade. It’s since pulled back to $2,006, still ahead 6% for the session.
Crypto exchange Coinbase (COIN) – which also has a large market share as ETH depositors for staking – was higher by 8% at press time. Coinbase charges 25% commission on user rewards earned by staking.
Governance tokens of Lido Finance (LDO) and RocketPool (RPL) jumped 7% and 8%, respectively, over the past 24 hours, CoinDesk data show.
Read the full article here