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Kanchala P. This development echoes a similar pattern observed earlier in the year when BlackRock registered a Bitcoin trust, followed by a proposal for a spot Bitcoin ETF. In contrast, larger wallet categories are experiencing a decrease, suggesting a strategic redistribution or liquidity-seeking behavior The BlackRock ETF hype Adding to the excitement in the Ethereum market is the news that asset management behemoth BlackRock plans to launch an Ethereum exchange-traded fund.