The world’s largest asset manager, Blackrock, has updated its S-1 registration statement for the Ishares Ethereum Trust, which will be listed as “ETHA.” According to the update, ‘Seed Creation Baskets’ were acquired by the fund’s ‘Seed Capital Investor.’ Furthermore, several spot ether exchange-traded fund (ETF) applicants now have their respective tickers listed on the Depository Trust and Clearing Corporation’s (DTCC) catalog of ETFs.
Blackrock Advances Spot Ether ETF With SEC Amendment, Analyst Eyes June Launch
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Blackrock Updates S-1 Registration; ETHA and FETH Spot Ether ETFs Listed by DTCC
Blackrock has revised its spot ether fund registration statement with the U.S. Securities and Exchange Commission (SEC), noting that on May 21, an affiliate of the fund’s sponsor purchased ‘Seed Creation Baskets’ comprising 400,000 shares at $25 per share.
Blackrock’s ETHA S-1 amendment follows the SEC’s approval of several spot ether 19b-4 ETF filings last week. Bloomberg’s senior ETF analyst Eric Balchunas remarked that the amendment’s release was a positive development.
“Good sign,” Balchunas said. “[Probably] see rest roll in soon. Then [probably] one more round of fine-tune comments from staff. End of June launch a legit possibility altho keeping my o/u date as July 4th,” the analyst added. Balchunas’ co-worker James Seyfarrt also shared his two cents. Seyfarrt stated:
This is almost certainly the engagement we were looking for on the S-1’s following the 19b-4 approvals. Issuers and SEC are working towards spot ethereum ETF launches.
Alongside Blackrock’s updated registration statement, Fidelity Investments’ spot ether fund, referred to as “FETH,” has been included in the DTCC list of ETFs. FETH will join other tickers on the DTCC list from sponsors such as Franklin Templeton, Blackrock, and Vaneck.
These recent developments involving Blackrock’s revised S-1 registration statement and the inclusion of various spot ether exchange-traded funds in the DTCC’s catalog mark a crucial advancement towards the anticipated launch of these investment products, potentially as soon as late June or early July.
What do you think about Blackrock’s amendment and the DTCC listings? Share your thoughts and opinions about this subject in the comments section below.
