BlackRock filed an amended application for a spot Ethereum-ETF on Form S-1

-- BlackRock has filed an amended Form S-1 filing with the SEC.
-- In it, the company disclosed its initial investment in the fund and listed its ticker symbol as ETHA.
-- Eric Balchunas said that's a good sign.
-- He projected the spot Ethereum-ETF to begin trading in late June or early July.

BlackRock has filed an amended Form S-1 application with the SEC to launch a spot Ethereum-ETF. Bloomberg Intelligence analyst Eric Balchunas considers this a positive signal.

There are no significant changes in the securities, as the vendor had previously already excluded steaking. However, the amended filing discloses information about the initial investment in the ETF.

According to the filing, it is an affiliate of BlackRock. That counterparty bought 400,000 shares at $25, the filing says. Consequently, the initial capital of the spot Ethereum-ETF from the company will be $10 million.

The applicant has also notified the SEC that the product will be listed under the ticker ETHA.

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