Ethereum investors potentially reallocating capital after BlackRock's updated S-1 filing

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Ethereum (ETH) price shows neutrality despite positive updates of BlackRock's spot ETH ETF updated S-1 application and the Securities & Exchange Commission’s (SEC) engagement with issuers.

Ethereum ETFs will likely begin trading soon after BlackRock filed its updated S-1 application. Vanguard won't offer Ethereum ETFs on its platform. Ethereum investors may be reallocating capital to benefit from the potential larger upside of smaller-cap DeFi tokens. Ethereum price shows neutrality despite positive updates of BlackRock's spot ETH ETF updated S-1 application and the Securities & Exchange Commission’s engagement with issuers.

Crypto was able to shift the stance of some in the highest rungs of government but not Vanguard, who maintains their platform ban for Ether ETFs which are not aligned with building a well-balanced, long term portfolio. https://t.co/0JjiWzvxBX — Eric Balchunas May 30, 2024 However, many expect the asset manager to eventually soften its stance toward crypto assets, especially after appointing former BlackRock executive Salim Ramji as its new CEO.

 

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