The largest asset manager in the world, BlackRock, has filed an updated 19b-4 form for its Spot Ethereum ETF application. Indeed, the firm had officially revised its filing with the US Securities and Exchange Commission (SEC) in response to its request for updates amid impending approvals.
BlackRock was one of the most prominent asset management firms to issue spot Bitcoin ETFs earlier this year. Additionally, with Spot Ether ETFs expected to be greenlit, the firm would continue a 10-year approval streak, fortifying its impressive track record with the SEC.
BlackRock Submit’s Updated Ethereum ETF Filing as Approvals Near
Following the approval of Spot Bitcoin ETFs in January, all eyes were on what asset could receive a similar investment option. Those hopes began to dwindle at the start of May, as a host of Ethereum ETF applications were facing consistent delays. However, things took a turn this week, with the SEC seemingly altering its perspective.
Bloomberg had noted that this sudden shift resulted in approval odds increasing from 25% to 75%. Now, a plethora of issuers are abiding by SEC requests in regard to their applications. The latest to do so has been $9 trillion asset manager BlackRock, who filed an updated 19b-4 form for its Spot Ethereum ETF.
We are excited to announce the upcoming launch of the #Hermatic trading bot app as an integral part of the #ION ecosystem.
❓ What is Hermatic? Our team has been leveraging this sophisticated trading algorithm for the past four years, achieving a robust performance history. Hermatic has demonstrated exceptional resilience, navigating the previous bear market and delivering positive returns even during extreme volatility, such as when BTC experienced a 50% overnight decline.
Previously, Hermatic was accessible exclusively through API integration without a graphical user interface. This is set to change with the forthcoming launch of the Hermatic automated trading bot, soon available on both Android and iOS platforms, featuring a user-friendly interface.
🔐 Fund Security Your funds remain securely within your exchange account, with the bot having no withdrawal permissions. Hermatic engages exclusively in spot trading, abstaining from leverage, thereby ensuring a high level of safety and minimizing risk exposure.
To start, create and fund a sub-account, link your @binance API, and trading begins automatically in less than 10 minutes.
🪙 Performance Fees Hermatic operates on a performance fee structure, charging 20% of the profits, payable at the end of each month. This model allows you to evaluate the bot's performance before incurring any fees, ensuring you only pay from generated profits.
In alignment with our commitment to the ION community, 50% of the fees generated by Hermatic will be used to burn $ICE tokens from the market, reinforcing our objective to establish $ICE as a deflationary asset.
👉 Stay tuned for further updates on the launch of the Hermatic trading app!