🇺🇸#CryptoNewsUSA BlackRock, Grayscale Amend Ethereum ETF Applications After SEC Delays
The flurry of filings follows the SEC's announcement yesterday that it would delay its decision on multiple spot Ethereum ETF proposals.
BlackRock, Grayscale Amend Ethereum ETF Applications After SEC Delays
The flurry of filings follows the SEC's announcement yesterday that it would delay its decision on multiple spot Ethereum ETF proposals.
BlackRock and Grayscale have filed amendments to their spot Ethereum exchange-traded fund (ETF) applications after the SEC delayed its decision on multiple proposals for Ethereum ETFs earlier this week.
In an updated 19-b 4 filing, investment giant BlackRock introduced a proposed rule change to its plan to list and trade shares in the iShares Ethereum Trust. The change calls for creation and redemptions to be cash-based rather than in-kind, noting that "the authorized participants will deliver only cash to create shares and will receive only cash when redeeming shares." Further, authorized participants will not "directly or indirectly purchase, hold, deliver, or receive" Ethereum as part of the creation or redemption process.
