The world's largest asset management firm, BlackRock Inc BLK, signaled interest in launching an Ethereum ETH/USD exchange traded fund (ETF) on Thursday, a bullish sign for the digital assets space.
Following the news, Ether's price rose 3.6% and was trading at $2,096 on Friday.
This latest development aligns with the broader themes of accessibility and mainstream crypto adoption set to be explored at Benzinga's Future of Digital Assets conference on Nov. 14 in New York City.
Also Read: Poloniex's $120M Heist: Justin Sun Vows Action In Crypto Hack Fallout
Meanwhile, Bloomberg Intelligence ETF research analyst James Seyffart tweeted that it is highly likely a spot Bitcoin BTC/USD ETF will soon be approved.
Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join our Nov.14 13 Fintech Deal Day and Nov. 14 Future of Digital Assets. Secure a spot here to join them!
Read Next: Bitcoin's Current Uptick Just The Start, Benzinga Pinpoints 3 Major Catalysts Ahead
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