BlackRock Submits Updated S-1 Filing for Ethereum Spot ETF: Possible Launch by End of June?

BlackRock, the leading asset management firm, has made a significant move by submitting an updated S-1 form to the SEC for its Ethereum Spot ETF application.

This follows the recent approval of 19b-4 filings from several companies, including BlackRock. Could we see the launch of the Ethereum Spot ETF by the end of June?

Discover the details and potential timelines for this groundbreaking financial product.

BlackRock Submits Updated S-1 Form

BlackRock, the world's largest asset management company, has submitted an updated version of the S-1 form to the U.S. Securities and Exchange Commission (SEC) for its Ethereum Spot ETF application.

This follows the recent approval by the SEC of 19b-4 filings from eight companies, including BlackRock, reported on May 24.

The 19b-4 form is a proposal to amend rules to allow ETFs to be traded on exchanges, while the S-1 form details the ETF's structure, investment objectives, management methods, risk factors, and fees.

Both documents are essential for launching an Ethereum Spot ETF, which will proceed once both are approved.

Potential Launch by End of June?

Eric Balchunas, an ETF analyst at Bloomberg, commented on the submission of the updated documents, calling it "a good sign." He expects other companies to submit their updated S-1 forms soon.

Although further adjustments from the SEC are anticipated, there is a possibility that the Ethereum Spot ETF could launch as early as the end of June 2024.

However, Balchunas maintains his prediction that the official launch date will be around July 4, 2024, suggesting that early approval for the Ethereum Spot ETF is unlikely.

About iShares Ethereum Trust (ETHA)

BlackRock's Ethereum Spot ETF is named "iShares Ethereum Trust" and is set to be listed on NASDAQ under the ticker "ETHA."

The iShares Ethereum Trust (ETHA) is an investment trust that tracks the value of Ethereum (ETH), providing investors with an indirect means of investing in Ethereum.

This allows investors to seek returns based on Ethereum's price movements without having to buy or hold the cryptocurrency directly.

BlackRock has clarified that it will not allocate the Ethereum it holds for staking, meaning the returns from ETHA will differ from those obtained by directly purchasing, holding, and managing Ethereum.

In addition to the iShares Ethereum Trust, multiple Ethereum Spot ETFs have been filed in the U.S., and currently, eight Ethereum Spot ETFs have received 19b-4 filing approvals:

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