BlackRock has officially applied with the US Securities and Exchange Commission to create a spot Ethereum ETF.

The Form S-1 filed with the SEC said that the iShares Ethereum Trust is intended to “broadly reflect the price performance of Ethereum.”

The Form S-1 comes a week after BlackRock registered iShares Ethereum Trust with the Delaware Division of Corporations Division. The Nasdaq exchange applied to register the proposed exchange-traded fund, confirming that BlackRock was working on it.

Against the backdrop of this news, the price of Ethereum (ETH) increased by almost 1.4%. At the time of writing, the asset is trading near $2,038.

On Nov. 13, information about the iShares XRP trust, registered with BlackRock, appeared on the Delaware Department of State’s Division of Corporations website. However, the company subsequently denied this.

It also became known that the SEC postponed the application to create Hashdex to convert the Bitcoin futures ETF into a spot ETF. The agency also postponed the deadline for deciding on Grayscale’s application to launch an Ethereum futures ETF.