BlackRock, the largest investment firm on the planet, has filed with the U.S. Securities and Exchange Commission (SEC) to launch an ether (ETH) spot exchange-traded fund (ETF).

The company filed yesterday, Nov. 15, the S-1 securities registration form with the regulatory body, where it details that the ETF, called the iShares Ethereum Trust, will seek to "reflect, in general, the performance of the price of ether."

Prior to this, the company registered the ETF with the authorities of Delaware, United States, on November 9.

A new spot ether ETF application boosted the price of ETH in the past few hours, rising from $2,039 to $2,087, representing a 2.3% increase.

Now, the Ethereum cryptocurrency ETF application will need to be reviewed by the SEC. This is a process that can take several months.