BlackRock tweaks Ethereum ETF app; Bloomberg's Balchunas Expects ETFs to Go Live by JuneBloomberg analyst Eric Balchunas called the updated S-1 system a "good sign," adding that a launch by the end of June was a "legitimate possibility." On Tuesday, BlackRock became the largest Bitcoin fund to launch It is publicly traded, as Grayscale upends.BlackRock has filed an amended Form S-1 for its proposed Ethereum Spot Exchange-Traded Fund (ETF) {{ETH}} which revealed more information about the product that was recently approved for a US listing.The form disclosure That the “Seed Capital Investor” has purchased Seed Shares of the Proposed Product.” On May 21, 2024, the Seed Capital Investor, an affiliate of Sponsor, in accordance with the Terms, purchased Seed Creation Baskets, comprising 400,000 Shares at a price per share equal to $25.00 ,” as Form S-1 showed. “The fund’s net asset value was $10,000,000.”Subject to regulatory approval, the assets in the ETF can be exchanged for cash or even ether. The iShares Ethereum Trust ether ETF will be listed and trade under “ETHA.” Bloomberg analyst Eric Balchunas called the updated S-1 system a “good sign,” adding that a launch by the end of June was a “legitimate possibility.” A good sign. Maybe we'll see the rest of the roll soon. Then do another round of careful feedback from employees. End of June launch is a legitimate possibility keeping my o/u date on July 4th https://t.co/WymshkTvat — Eric Balchunas (@EricBalchunas) May 29, 2024 The updated S-1 comes about a week after SEC approval Several Ethereum ETFs have been asked to list in the US, boosting bullish sentiment in the broader cryptocurrency market. BlackRock's Bitcoin ETF has proven successful so far for the company. On Tuesday, it became the world's largest publicly traded Bitcoin fund, flipping greyscale, with nearly $20 billion in assets under management. IBIT has accounted for more than $16 billion in net inflows since January, it said. With major government pension funds among its investors.