#عاجل #رائج #Binance Bloomberg analyst Eric Balchunas called the updated S-1 model a "good sign," adding that a launch by the end of June was a "legitimate possibility."
On Tuesday, BlackRock became the largest publicly traded Bitcoin fund, beating Grayscale.
BlackRock has filed an amended Form S-1 for its proposed Ethereum Spot ETF {{ETH}} which revealed more information about the product that was recently approved for listing in the US.
The form revealed that a “seed capital investor” had purchased the initial shares of the proposed product.
“On May 21, 2024, a seed capital investor, an affiliate of Sponsor, purchased, in accordance with the terms, Seed Creation Baskets, comprising 400,000 shares at a price per share equal to $25.00,” the S-1 form showed. “The net asset value of the fund was $10 million.”
Depending on regulatory approval, the assets in the fund can be redeemed for cash or even ether. The iShares Ethereum Trust ether ETF will be listed and traded under “ETHA.”
Bloomberg analyst Eric Balchunas called the updated S-1 a "good sign," adding that a launch by the end of June was a "legitimate possibility."
good mark. Maybe we'll see the rest soon. Then maybe another round of careful feedback from staff. A launch at the end of June is a legitimate possibility although I keep my exit/exit date July