The story of the launch of spot Ethereum ETFs continues. Without hype and loud headlines - but the process is underway. And it probably won’t drag on for months.

From the important for May 29-30:

1. #BlackRockfiled an updated S-1 filing to launch a spot Ethereum ETF. There are no significant changes, because the main change has already been filed - the issuer excluded staking. The amended filing discloses the initial investment in the ETF. According to the documents, this is an affiliate of BlackRock. According to the application, the counterparty bought 400,000 shares at 25. That is, the initial capital of the spot Ethereum ETF from BlackRock will be $10 million. The shares will be listed under the ticker #ETHA.#BloombergSenior ETF Analyst Eric Balchunas considers the submission of updated applications a good sign and expects the launch date for trading in spot Ethereum ETFs to be around July 4:

"Good sign. We'll probably see the rest soon. Then, probably, another round of comments for revision from employees. A late June launch is entirely possible, although I'm still keeping my target date at July 4th."

2. Spot Ethereum ETF from#Fidelityappeared on the DTCC website (Depository Trust & Clearing Corporation, clears trades on NASDAQ). Ticker - #FETH. The move is part of bringing ETFs to market.