BlackRock Files Amended Registration Statement for Ethereum Fund, SEC Approval Imminent

• BlackRock filed amended S-1 for proposed Ethereum fund, awaiting SEC approval for trading.
• Seed capital investor purchased 400,000 shares at $25 each on May 21, 2024.
• Shares to be listed and traded under ticker symbol "ETHA."
• SEC in talks with issuers about S-1 forms, launch date speculated for end of June.
• Bloomberg ETF analyst sees BlackRock's move as positive sign for upcoming launches.
• Disclaimer: The Block is independent media outlet, providing objective information about crypto industry.

Summary :
BlackRock has filed an amended registration statement for its proposed Ethereum fund, following the approval of 19b-4 forms for eight Ethereum ETFs by the SEC. The asset manager disclosed information about its seed capital investor, who purchased 400,000 shares at a price of $25.00 per share. The shares will be listed and traded under the ticker symbol "ETHA." The SEC has started conversations with issuers about their S-1 forms, and it is uncertain how long this process will take. Bloomberg ETF analyst Eric Balchunas sees BlackRock's amended S-1 as a positive sign and speculates that the launch of the fund could be as early as the end of June or around July 4th.

Sources :

- TheBlock