2024

Solana

Prime

BlackRock

<ul class="list-ic vertical"> 
 <li> 1 <a>On May 29, BlackRock filed its amended S-1 form for Ether ETF with SEC.</a> </li> 
 <li> 2 <a>The S-1 prospect has all the major details that an investor needs to know before investing.</a> </li> 
 <li> 3 <a>The prospect document highlights risk factors, offering, usage of proceeds and other details.</a> </li> 
</ul> 
On May 29, BlackRock Inc. filed its amended S-1 for Ether ETFs to expand its digital assets journey in the US market with spot ETH ETFs. The initial S-1 prospect document was filed on November 15, 2023.&nbsp; 
<center>
 <blockquote class="twitter-tweet">
 Ethereum ETF Update: Late filing of amendment 1 to <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw">@BlackRock</a> S-1 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> ETF application just came in. Trading symbol “ETHA”<a href="https://t.co/glazF5l8Dm">https://t.co/glazF5l8Dm</a> <a href="https://t.co/78PAi7KytQ">pic.twitter.com/78PAi7KytQ</a>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1795932871359651938?ref_src=twsrc%5Etfw">May 29, 2024</a>
 </blockquote> 
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The amended file includes all the changes that were expected pertaining to the developments in the market for ETH ETFs. However, the document is not the final version as it is subject to changes based on the SEC’s decision on the filing. 
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 <img loading="lazy" decoding="async" width="908" height="214" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-391.png" alt="BlackRock" class="wp-image-207381" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-391.png 908w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-391-300x71.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-391-768x181.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-391-750x177.png 750w" sizes="(max-width: 908px) 100vw, 908px">
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Source: iShares S-1 Amended Document 
<h2 class="wp-block-heading" id="strong-details-of-the-etha-strong">Details of the ETHA</h2> 
The iShares Ethereum Trust is projected to be available in the market from June 2024, if the document gets approved and completed. 
The shares of iShares Ethereum Trust will be available in the public market for trading over the NASDAQ exchange with the ticker ETHA. The market prices for the share after listing might differ with the net asset value (NAV). 
The trust will utilize the funds for the issuance and sale of Baskets consisting of cash deposits. These cash deposits are held by the cash custodian or Prime Execution Agent on behalf of the Trust until transferred in connection with the purchase of Ether, will be delivered to authorized participants (APs) for a redemption of baskets and will be transferred to pay the sponsor’s fee and trust expenses or liabilities which are not assumed by the sponsor. 
There are multiple risk factors pertaining to digital assets, digital asset market, trust and sponsor. 
The BlackRock also expects ETFs on other digital assets such as Cardano, Avalanche and Solana while other industry observers and Ripple Founder are also expecting ETFs on XRP.<a href="https://www.thecoinrepublic.com/2024/05/23/solana-is-the-new-black-etf-speculations-and-the-sol-price-chart/" target="_blank" rel="noreferrer noopener">&nbsp;SOL</a> <a href="https://www.thecoinrepublic.com/2024/05/27/xrp-etf-or-sol-etf-which-will-be-next-in-line-in-2024/" target="_blank" rel="noreferrer noopener">XRP</a> 
<h3 class="wp-block-heading" id="strong-how-ether-reacted-strong">How Ether Reacted</h3> 
BlackRock is the first to file the updated documents while other applicants Hashdex and Vanguard are yet to give updates. June is anticipated to witness final approval and launch of Ether ETFs in the US. 
Industry analysts expect a surge in Ethereum prices with the launch of ETH ETF and increase in buy volumes observed in call options at the strike price of $4000 and $5000. 
At the time of writing, ETH was trading at $3,754 experiencing a decline of 0.20%.

BlackRock Files Amended S-1, Trading to be Initiated in June

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