BlackRock's Ethereum ETF Filing Updated, Launch Possible by June

BlackRock recently updated its filing for a spot ether ETF, hinting at a possible launch by the end of June. This comes after the SEC approved several ether ETFs in the US, boosting the crypto market.

Key Points:

- BlackRock's Bitcoin ETF (IBIT) has been a success, becoming the world's largest publicly traded fund with nearly $20 billion in assets.
- The updated filing reveals an initial investment of $10 million and sets the stage for the "iShares Ethereum Trust" (ETHA) to trade ether.
- Analyst Eric Balchunas sees a June launch as a possibility based on the filing.

What's Next:

- Regulatory approval is still needed before investors can trade ETHA.
- BlackRock's success with IBIT suggests strong investor interest in these ETFs.
- The launch of ETHA could further fuel positive sentiment in the crypto market

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