Ethereum

BlackRock

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>BlackRock just updated its S-1 form for Ethereum ETF.</li> 
 <li>Analysts believe that a June launch for the crypto products is a “legit possibility.”</li> 
</ul> 
On May 30, Bloomberg’s analyst Eric Blachunas shared a post via X, revealing that BlackRock filed an updated version of its Ethereum ETF <a href="https://www.sec.gov/Archives/edgar/data/2000638/000143774924018610/iset20240522_s1a.htm" rel="nofollow noopener" target="_blank">S-1 application</a>. 
<a href="https://x.com/PhoenixTrades_/status/1795929673731342815/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GOxsawEXAAAzQZU?format=png&amp;name=small" alt="" width="581" height="355" title="Ethereum ETF June Launch Prediction Gains Momentum, As BlackRock Updates S-1 Form 8"></a> 
BlackRock’s iShares Ethereum Trust is called ETHA and the S-1 form for the crypto product has been updated for the SEC nearly a week after the regulator approved the 19b-4 filing for spot Ethereum ETFs. 
In order for the crypto products to start trading, both types of filings have to be approved. 
On May 23, the SEC approved<a href="https://crypto.ro/en/news/ethereum-etfs-approval-is-good-news-for-bitcoin-michael-saylor-says/"> the listing</a> of eight spot Ethereum ETFs. 
The regulator<a href="https://crypto.ro/en/news/us-sec-approves-listing-of-ethereum-etfs/">&nbsp;approved</a>&nbsp;the proposal of Grayscale and Bitwise to trade on the NYSE stock exchange; iShares (BlackRock) on Nasdaq; along with VanEck, ARK/21 Shares, Invesco, Fidelity, and Franklin Templeton on the Cboe BZX stock exchange. 
<h2 id="potential-rollout-for-ethereum-etfs-in-june">Potential rollout for Ethereum ETFs in June</h2> 
Blachunas said via his X post that the fact that BlackRock has already updated its S-1 form is a sign that we might see the rollout of the crypto products in June. 
<blockquote class="twitter-tweet"> 
 Good sign. 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 <a href="https://t.co/WymshkTvat" rel="nofollow" target="_blank">https://t.co/WymshkTvat</a> 
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1795934675380109479?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 29, 2024</a>
</blockquote> 
Balchunas also believes that we might see an accelerated approval in mid-June, but he is not sure whether the Staff has time to hurry things up. He mentioned the political goal of the Democrats which doesn’t appear to be anti-crypto anymore, and there is no reason to rush things. 
<blockquote class="twitter-tweet"> 
 Sure but long shot. Unknown tho is if the Staff has been time to hurry this up. I doubt it since the political goal of Dems not appearing anti-crypto has already been achieved by simply not rejecting them. No real reason to rush 
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1795936343077331169?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 29, 2024</a>
</blockquote> 
Bloomberg’s analyst James Seyffart also shared <a href="https://x.com/JSeyff/status/1795933440090452413" rel="nofollow" target="_blank">a post</a> on X, saying that the<a href="https://crypto.ro/en/news/blackrocks-20b-bitcoin-etf-ibit-becomes-worlds-largest-btc-fund/"> BlackRock</a> move is almost certainly the engagement the industry is looking for on the S-1 forms following the 19b-4 approvals. He said that issuers and SEC are working towards Ethereum ETF launches. 
Blachunas recently changed a previous prediction that he made regarding Ethereum ETFs. 
He shared a post on X, saying that ETH ETFs could<a href="https://crypto.ro/en/news/ethereum-etfs-could-grab-20-of-bitcoin-etfs-in-flows-volume/"> divide the success</a> of Bitcoin ETFs by 5 (when he previously said 10 instead of 5) when it comes to expectations regarding flows, volume, media, and everything else related to the products. 
He expects ETH ETFs to grab 20% of what Bitcoin ETFs managed to accomplish.

Ethereum ETF June Launch Prediction Gains Momentum, As BlackRock Updates S-1 Form

Table of Contents

crypto.ro global

Other articles published on May 30, 2024

With FLOKI Perp Futures Live on Coinbase, Is A Bull Run Coming?

Biden Gives Into Crypto Hype, Connects To Top Leaders: sources

BlackRock Spot Ethereum ETF Now Updated With New Form S-1

Alex Labs Unveils Roadmap to Restore Trust and Resume Operations Post-Breach

FLOKI Meme Coin Remains Bullish Despite Ongoing Price Decline; Watch These Key Resistance and Sup...

Notcoin’s Viral Rise: Airdrop Deadline, Tokenomics, and Market Performance

Join our free newsletter for daily crypto updates!