Bloomberg analyst Eric Balchunas called the updated S-1 a “good sign,” adding that a launch by the end of June was “a legit possibility.”
On Tuesday, BlackRock became the largest publicly traded bitcoin fund, flipping Grayscale.
BlackRock filed an amended S-1 form for its proposed spot ether {{ETH}} exchange-traded fund (ETF) that revealed more information about the product that was recently approved for listing in the U.S.
The form revealed a “Seed Capital Investor” had purchased the initial shares for the proposed product.
“On May 21, 2024, the Seed Capital Investor, an affiliate of the Sponsor, subject to conditions, purchased the Seed Creation Baskets, comprising 400,000 Shares at a per-Share price equal to $25.00,” the S-1 form showed. “The net asset value of the Trust was $10,000,000.”
Subject to regulatory approval, assets held in the ETF can be redeemed for cash or even ether. The iShares Ethereum Trust ether ETF will list and trade 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 legit possibility.”
Good sign. Prob see rest roll in soon. Then prob one more round of fine-tune comments from Staff. End of June launch a legit possibility altho keeping my o/u date as July 4th https://t.co/WymshkTvat
— Eric Balchunas (@EricBalchunas) May 29, 2024
The updated S-1 comes nearly a week after the Securities and Exchange Commission (SEC) approved several ether ETFs for listing in the U.S., buoying bullish sentiment in the broader crypto market.
BlackRock’s bitcoin ETF has proven to be a success so far for the company so far. On Tuesday, it became the world’s largest publicly traded bitcoin fund, flipping Grayscale, with nearly $20 billion in assets under management.
IBIT has taken over $16 billion in net inflows since going in January, as reported, with major state pension funds among its investors.
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$BTC $ETH $BNB

Jak poruszać się po szumie: przyszłość zdecentralizowanych finansów (DeFi) w 2024 r
Świat kryptowalut stale ewoluuje, a rok 2024 zapowiada się monumentalnie dla zdecentralizowanych finansów (DeFi). W miarę jak coraz więcej osób szuka wolności finansowej i prywatności, DeFi nadal zyskuje na popularności. Oto, co jest trendy i dlaczego warto na to zwrócić uwagę.
Powstanie rozwiązań warstwy 2
Skalowalność stanowi ciągłe wyzwanie dla Ethereum, będącego podstawą wielu projektów DeFi. W 2024 roku na pierwszych stronach gazet pojawią się rozwiązania warstwy 2, takie jak Optimistic Rollups i zk-Rollups. Technologie te obiecują szybsze transakcje i niższe opłaty, dzięki czemu DeFi jest bardziej dostępne dla szerszego grona odbiorców.

Binance, established in 2017 by Changpeng Zhao, has quickly risen to prominence as one of the world's leading cryptocurrency exchanges. Known for its extensive range of cryptocurrencies, advanced trading features, and robust security measures, Binance caters to both novice and experienced traders. Its user-friendly interface and low trading fees make it accessible, while features like futures trading, staking, and lending add depth for more seasoned users.
Binance's ecosystem includes the Binance Coin (BNB), which offers trading fee discounts and can be used across various Binance services. The platform also hosts the Binance Smart Chain (BSC), a blockchain network that supports smart contracts and decentralized applications (DApps), contributing significantly to the growth of decentralized finance (DeFi).
Security is a priority for Binance, with measures such as two-factor authentication (2FA), cold storage for assets, and a Secure Asset Fund for Users (SAFU) to protect against potential losses from breaches. Despite facing regulatory scrutiny in several countries, Binance continues to adapt, emphasizing compliance and enhancing its global presence.
Through continuous innovation and a focus on user experience, Binance remains a dominant force in the cryptocurrency industry, driving the adoption and integration of digital assets worldwide.
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #Binace