Coinbase, Ether Liquid Staking Tokens Lido, RocketPool Surge on BlackRock ETH ETF News
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.