Financial giant BlackRock late Wednesday amended its filing with the SEC for its proposed spot Ethereum exchange traded fund (ETF). The May 29 update for the iShares Ethereum Trust is the first tangible sign of progress toward the market availability of an ETH-based ETF since the bombshell approval of the new financial vehicle last week.
“This is almost certainly the engagement we were looking for,” observed Bloomberg ETF analyst James Seyffart on Twitter. “Issuers and SEC are working towards spot Ethereum ETF launches.”