What does BlackRock's updated S-1 'good sign' mean for ETH?

“🚀 BlackRock Updates Its Ethereum ETF Filing: The asset management giant has amended its S-1 filing for the proposed spot ether ETF. A 'seed investor' has already purchased 400,000 shares of the product. Bloomberg analyst Eric Balchunas considers this a 'good sign' and suggests the ETF could be active in June. 🌐”

This update comes shortly after the Securities and Exchange Commission (SEC) approved the listing of several ether ETFs in the US, which has boosted bullish sentiment in the broader crypto market. BlackRock's Bitcoin ETF has also been a success, becoming the largest publicly traded Bitcoin fund in the world. $ETH #ETHETFsApproved #ETFvsBTC