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Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

The news fueled optimistic expectations regarding a potential Ether spot ETF filing by BlackRock, a $9 trillion asset manager. This speculation follows BlackRock’s iShares Bitcoin Trust registry in Delaware in June 2023, a week prior to their initial spot Bitcoin ETF application. However, with no official statement from BlackRock, investors may have jumped the gun, though the sheer influence of the asset manager in traditional finance leaves those betting against Ether’s success in a precarious position.

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Source: Cryptocurrency - investing.com

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