BlackRock Updates Ether Spot ETF Paperwork Filing with SEC
CryptoNewsTerminal Staff22 May, 2024
BlackRock Updates Ether Spot ETF Paperwork Filing with SEC
BlackRock, the world's largest asset manager, has filed an updated version of its Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) for a physical ether (ETH) exchange-traded fund (ETF). This update comes in response to the SEC's previous request for exchanges to amend and resubmit 19b-4 filings for ether spot ETFs. The SEC has not yet approved any ether spot ETFs, but several issuers, including BlackRock, have filed applications with the agency. The approval of a physical ether ETF would allow investors to gain exposure to the price of ether without having to purchase and store the cryptocurrency themselves. BlackRock's updated filing is a positive sign that the SEC is moving closer to approving an ether spot ETF.
