BlackRock Launching Tokenized Fund

For the purpose of launching a tokenized asset fund, the United States Securities and Exchange Commission (SEC) has received a filing from BlackRock, which is the largest asset manager in the world. 

A spot Ethereum exchange-traded fund (ETF) may soon be approved by the Securities and Exchange Commission (SEC), according to recent rumors.

After approving eleven spot Bitcoin exchange-traded funds in January, the news of the fund comes as a surprise. After its inception in February, the iShares Bitcoin Trust offered by BlackRock reached a total of more than $1.3 billion in shares.

The British Virgin Islands will serve as the location for the formal registration of the BlackRock USD Institutional Digital Liquidity Fund. Because the fund will be a pooled investment, investors who wish to take part in it will be required to contribute a minimum amount of one hundred thousand dollars. 

 In its statement, BlackRock did not disclose the actual size of the fund; nonetheless, the form indicates that the value of the fund ranges from one million dollars to one hundred million dollars.

Moreover, BlackRock has submitted an application to the Securities and Exchange Commission (SEC) for an iShares Ethereum Trust. 

The fact that this has occurred has given rise to the hypothesis that the Institutional Digital Liquidity Fund might be based on Ethereum, with stablecoin assets included in the basket.

In the past, BlackRock CEO Larry Fink has voiced his support for Ethereum exchange-traded funds (ETFs). "I see value in having an Ethereum ETF," Fink said in an interview with CNBC this past January. "As I said, these are just stepping stones towards tokenization

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