Crypto News - Blackrock updates S-1 filing for Ethereum ETF, marking s...
Cryptocurrencies: 16,956     Votes This month: 1,799,731     Newborn Cryptocurrencies: 856,336     Supported chains: 24
 


Main Page News Crypto News - Blackrock updates S-1 filing for Ethereum ETF, marking s...
   

Blackrock updates S-1 filing for Ethereum ETF, marking step toward launch

30.05.2024, 02:47   13
Blackrock updates S-1 filing for Ethereum ETF, marking step toward launch

BlackRock amended the S-1 registration statement for its spot Ethereum ETF in a May 29 filing, marking a step toward approval.

The filing builds on BlackRock’s original registration statement, which was initially filed in November 2023.

He said:

 “This is almost certainly the engagement we were looking for …”

Seyffart reaffirmed his belief that the S-1 statements could gain approval in the coming weeks, leading to spot Ethereum ETF launches, but admitted that the “norm is months.”

The S-1 filing fills several placeholder fields, including details about seed funding.

According to the filing, the fund has generated $10 million in proceeds via a seed capital purchase by BlackRock Financial Management of 400,000 shares at $25 per share.

The sponsor, iShares Delaware Trust Sponsor, may collect up to $500,000 in fees per annum. The latest filing does not calculate a percentage-based sponsor fee.

The trust will issue and redeem shares only in blocks of 40,000. The fund’s ticker is ETHA.

Wilmington Trust, National Association will act as the Delaware trustee. Bank of New York Mellon will act as trust administrator and cash custodian.

The new S-1 also reintroduces the possibility of in-kind creation and redemptions, which would allow for crypto rather than cash transactions among authorized participants.

It acknowledges that approval of in-kind transactions is not guaranteed and that timing is uncertain.

BlackRock’s original S-1 statement mentioned the possibility of in-kind creations and redemptions in passing. However, an amendment notice to Nasdaq’s 19b-4 filing in April said that authorized participants would rely solely on cash when creating and redeeming shares in the fund.

The latest S-1 also explicitly states that BlackRock will not engage in ETH staking, aligning with Nasdaq’s second May 22 19b-4 amendment on behalf of BlackRock.

All other ETH ETF issuers have also removed the possibility of staking from their applications.

The post Blackrock updates S-1 filing for Ethereum ETF, marking step toward launch appeared first on CryptoSlate.



Recently Listed Newborn Tokens
# Token Price 5m 1h TXNS Vol(24h) Liquidity Audit Deployed
1
CHRIST TAKES OVER CTO
$0.0...02534   Solana
0.00% 0.00% 1 $0.37
$4.8K
Audit
3 weeks ago
2
ShatCoinSOl SHAT
$0.0...01783   Solana
0.00% 0.00% 1 $0
$36
Audit
3 weeks ago
3
Pevil the Sinful PEVIL
$0.0...04687   Solana
0.00% 0.00% 1 $1.32
$6.7K
Audit
3 weeks ago
4
Satoshi Nakamoto SATOSHI
$0.0...02119   Solana
0.00% 0.00% 1 $2.9
$69
Audit
3 weeks ago
5
LUCKYDUCK LCKY
$0.0...01050   Solana
0.00% 0.00% 1 $0.06
$1.4K
Audit
3 weeks ago
6
Catlin Jinir $CATLIN
$0.0...06012   Solana
0.00% 0.00% 1 $0.15
$1K
Audit
3 weeks ago
7
D_TrumpSol TRUMP
$0.0...01618   Solana
0.00% 0.00% 1 $0
$315
Audit
3 weeks ago
8
PINK PINK
$0.0...03326   Solana
0.00% 0.00% 1 $0
$49
Audit
3 weeks ago
9
saheel SAHEEL
$0.0...02615   Solana
0.00% 0.00% 1 $0.83
$5.1K
Audit
3 weeks ago
10
Block Cat BCAT
$0.0...01137   Solana
0.00% 0.00% 1 $0
$216
Audit
3 weeks ago
11
Soulja Boy SOULJA
$0.0...04364   Solana
0.00% 0.00% 1 $0
$7.1K
Audit
3 weeks ago
12
Soulja Boy SOULJA
$9.99   Solana
0.00% 0.00% 1 $0
$3.1M
Audit
3 weeks ago
13
Tama TAMA
$0.0...02573   Solana
0.00% 0.00% 1 $6.71
$3.2K
Audit
3 weeks ago
14
The Jenners JENNERS
$0.0...02806   Solana
0.00% 0.00% 1 $5.62
$5.5K
Audit
3 weeks ago
15
Burt Jenner BURT
$0.0006656   Solana
0.00% 0.00% 1 $0.17
$1.3K
Audit
3 weeks ago