In June 2023, BlackRock filed an application with the United States Securities and Exchange Commission (SEC) to launch a Spot Bitcoin Exchange-Traded Fund (ETF), and in November 2023 it filed another application for a Spot Ethereum ETF. The spot bitcoin ETF filing and 10 others were approved on January 10, 2024.[58][59] On January 19, 2024, the iShares Bitcoin Trust ETF (IBIT) was the first spot bitcoin ETF to reach $1 billion in volume.[60] . . . In July 2023, the company appointed Amin H. Nasser to its board.[61] Nasser, the Chief Executive Officer of Saudi Aramco, the world's largest oil company, will fill Blackrock's board vacancy left by Bader Alsaad in 2024.[6