One of the world's largest asset management companies, BlackRock, announced a significant move on its official website. As of today, BlackRock will launch an iShares Physical Ethereum ETF product, which is expected to officially list and trade on the Nasdaq Stock Exchange on July 23 (Beijing time tonight). This marks further recognition of Ethereum as the second largest cryptocurrency globally in traditional financial markets. Typically, BlackRock's ETF products have a wide investor base and high liquidity, and the launch of the Ethereum ETF is expected to attract more traditional investors into the cryptocurrency domain, driving further market development.