BlackRock files amended S-1 registration statement for upcoming Ethereum ETF with more disclosures

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Blackrock News

S-1,Spot Ethereum Etfs

BlackRock filed an amended S-1 statement for its proposed Ethereum fund, marking the latest move as firms work to list their products.

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.

 

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