Ethereum

Bitcoin ETF

BlackRock

BlackRock has revised its S-1 application for a planned <a href="https://optimisus.com/news/crypto-news/the-first-ever-leveraged-ether-etf-in-the-u-s-by-volatility-shares-will-begin-trading-on-june-4/" rel="noopener noreferrer nofollow">Ether (ETH)</a> exchange-traded fund (ETF), generating positive sentiment in the cryptocurrency market.  
Eric Balchunas, an analyst at Bloomberg, suggests a launch before the end of June. The revised S-1 document revealed that a Seed Capital Investor acquired 400,000 shares of the proposed ETF, resulting in a net asset value of $10 million for the Trust.  
The ETF, traded with the ticker symbol "ETHA," permits the conversion of assets into cash or Ether, subject to regulatory authorization. Balchunas characterized the report as a promising indication, highlighting the high probability of a launch in June.  
BlackRock has now surpassed Grayscale to become the leading publicly listed Bitcoin fund, with its Bitcoin ETF reaching a milestone with assets under management (AUM) reaching close to $20 billion.  
The fund, IBIT, has garnered more than $16 billion in net inflows since January, including significant investments from large state pension funds.  
The favorable performance of BlackRock's Bitcoin ETF and advancements in the Ether ETF underscore the increasing embrace of cryptocurrency offerings in conventional finance.  
The approval of numerous Ether ETFs by the SEC is a noteworthy achievement, expected to stimulate more investment in digital assets.  
The revised S-1 filing and the substantial first investment signify important advancements in the cryptocurrency sector, and anticipation of a June release is high. 
The post <a href="https://optimisus.com/market/market-news/blackrock-updates-its-ethereum-etf-filing/" rel="noopener noreferrer nofollow">BlackRock updates its Ethereum ETF filing</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

BlackRock updates its Ethereum ETF filing

Optimisus

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