BlackRock has amended its S-1 registration statement with the SEC.
The asset management firm included details about the seed capital investor.
Eric Balchunas has predicted July 4th, when spot ETH ETFs will start trading.
BlackRock, the world’s largest asset management firm, has amended its S-1 filings for the proposed spot Ethereum exchange-traded fund (ETF) application with the United States Securities and Exchange Commission, following the agency’s recent approval of 19b-4 filings from various firms on May 23.
“On May 21, 2024, the Seed Capital Investor, an affiliate of the sponsor, subject to conditions, purchased the Seed Creation Baskets.”
The firm also confirmed that shares of the iShares Ethereum Trust would be listed and traded under the ticker symbol “ETHA.”
Meanwhile, senior Bloomberg analyst Eric Balchunas expressed optimism on social media about the future of spot Ethereum ETFs, suggesting that the regulator may approve S-1 filings in the near future.According to Balchunas, the ETFs could begin trading in the United States by late July or early August. The analyst stated that the earliest possible date for the listing and trading of Ether products is early July, and specifically mentioned July 4 as a potential date.
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