BlackRock filed an amended registration statement for its proposed Ethereum fund, marking the latest move as firms work to list and trade their products.
The world's largest asset manager filed its amended S-1 registration statement almost a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, including BlackRock's proposed iShares Ethereum Trust. Issuers still need their S-1 statements to become effective before trading can begin.
The SEC has recently started conversations with issuers about their S-1 forms. It's unclear how long this process will take, but some analysts speculate that it could take weeks. Bloomberg ETF analyst Eric Balchunas called BlackRock's amended S-1 a "good sign," in a post on X on Wednesday. "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," Balchunas said. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
BlackRock’s IBIT overtakes GBTC as the world’s largest Bitcoin ETFBlackRock's IBIT surpasses Grayscale's GBTC as the largest Bitcoin ETF with $102.5 million in inflows. As of May 28, IBIT holds 288,670 BTC compared to GBTC's 287,450 BTC. BlackRock’s Bitcoin ETF now leads the market.
Source: Cointelegraph - 🏆 562. / 51 Read more »