Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing
Fees spiked to as high as 270 gwei late on Thursday, the veri shows, temporarily touching a level last seen in June 2022.
Fees spiked to as high as 270 gwei late on Thursday, the veri shows, temporarily touching a level last seen in June 2022.
The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.
CME’s rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.
Bitcoin hit an 18-month high near $38,000 before pulling back sharply.
The world’s largest asset manager has already made waves by seeking to list a bitcoin ETF
BTC and ETH both surged to milestone levels amid bitcoin ETF optimism, but some shorts and longs got badly burned.
The iShares Ethereum Trust was registered as a corporate entity in the state of Delaware earlier Thursday.
The new fund will focus mainly on early-stage crypto projects, participating in seed-stage and Series A funding rounds.
The final version of the bill’s text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause.
BlackRock declined to comment on the filing.