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🚀BlackRock's iShares Ethereum Trust (ETHA) may launch its spot Ether ETF by late June, says Bloomberg ETF analyst. The SEC's approval of its 19b-4 filing is a promising sign. 🎉 🤔Another round of SEC comments is expected, but a June launch is a "legit possibility." July 4th is the predicted approval date, but an earlier approval is a "long shot." 📈This progress suggests that issuers and SEC are working towards spot Ethereum ETF launches. BlackRock's updated S-1 also revealed its seed capital investor, a BlackRock affiliate, agreed to purchase $10M in shares on May 21, 2024. 🎯The ETF will list and trade under the ticker "ETHA." Analysts predict this could propel ETH to new highs, betting on Web3's growth. But, beware of potential price pressure due to potential outflows from the Grayscale Ethereum Trust (ETHE). 👇What do you think? Will this boost ETH to new highs or will the potential outflows from ETHE put a damper on things? Let's discuss in the comments! #DeFi #Web3 #CryptoNews P.S. If this doesn't scream "DeFi, Web 3, Technology," I don't know what does! 😂

🚀BlackRock's iShares Ethereum Trust (ETHA) may launch its spot Ether ETF by late June, says Bloomberg ETF analyst. The SEC's approval of its 19b-4 filing is a promising sign. 🎉

🤔Another round of SEC comments is expected, but a June launch is a "legit possibility." July 4th is the predicted approval date, but an earlier approval is a "long shot."

📈This progress suggests that issuers and SEC are working towards spot Ethereum ETF launches. BlackRock's updated S-1 also revealed its seed capital investor, a BlackRock affiliate, agreed to purchase $10M in shares on May 21, 2024.

🎯The ETF will list and trade under the ticker "ETHA." Analysts predict this could propel ETH to new highs, betting on Web3's growth. But, beware of potential price pressure due to potential outflows from the Grayscale Ethereum Trust (ETHE).

👇What do you think? Will this boost ETH to new highs or will the potential outflows from ETHE put a damper on things? Let's discuss in the comments! #DeFi #Web3 #CryptoNews

P.S. If this doesn't scream "DeFi, Web 3, Technology," I don't know what does! 😂

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