Ethereum News

BlackRock Amends Spot Ethereum (ETH) ETF S-1 Filing With SEC As Approval Process Enters Second Stage

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

Asset management titan BlackRock is amending its spot market Ethereum (ETH) exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC).

According to new documents, BlackRock which has over $10 million in assets under its management has amended its S-1 filing with the regulatory agency as the approvals process enters its second stage.

An S-1 filing, also known as a registration statement, is the mandatory form that all entities must sign and submit before offering new securities products.

BlackRock initially filed its S-1 filing in November 2023, but signed the amended one on May 29th. The amended form divulges that BlackRock’s seed investor purchased 400,000 shares of the ETF at $25 per share and that the firm’s ETH ETF ticker would be under the name “ETHA.”

According to Bloomberg ETF analyst Eric Balchunas, this is a good sign that the ETH ETFs could be approved as soon as late June or early July.

“Good sign. Prob see rest roll in soon. Then prob one more round of fine-tuned comments from Staff. End of June launch a legit possibility although keeping my over/under date as July 4th.”

Last week, the SEC approved 19b-4 filings from BlackRock and other key industry players, such as ARK Invest, VanEck, Fidelity and Grayscale which is also required to start offering spot market ETH ETFs.

The SEC’s approval prompted one deep-pocketed crypto investor to spend nearly $25 million on Ethereum-based altcoins at the time, such as Lido (LDO), Uniswap (UNI), Aave (AAVE), and Ethereum Name Service (ENS).

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that…

Click Here to Read the Full Original Article at Ethereum News – The Daily Hodl…