BlackRock Modifies Spot Ethereum (ETH) ETF’s S-1 Filing with SEC as Approval Process Enters Second Stage

Asset management titan BlackRock is modifying its Ethereum spot market (ETH) exchange-traded fund (ETF) filing with the United States Securities and Exchange Commission (SEC).

According to new documents, BlackRock – which manages more than $10 million in assets – has amended its S-1 filing with the regulatory agency as the approval process enters its second stage.

An S-1 filing, also known as a registration statement, is the required form that all entities must sign and submit before offering new securities products.

BlackRock initially filed its S-1 filing in November 2023, but signed the amended one on May 29. The amended form reveals that BlackRock’s original investor purchased 400,000 shares of the ETF at $25 per share and that the company’s ETH ETF ticker would be under the name “ETHA.”

According to Bloomberg ETF analyst Eric Balchunas, this is a good sign that ETH ETFs could be approved as early as late June or early July.

“Good sign. I’ll probably see rest coming soon. Then look at another round of fine-tuned feedback from staff. Late June, launched a legit opportunity while keeping my over/under date as July 4 .

Last week, the SEC approved 19b-4 from BlackRock and other key industry players, such as ARK Invest, VanEck, Fidelity, and Grayscale – who are also required to begin offering ETH ETFs in the spot market.

SEC approval guest a deep-pocketed crypto investor who was spending nearly $25 million on Ethereum-based altcoins like Lido at the time (YES), Uniswap (United), Aave (AAVE) and the Ethereum Name Service (ENS).

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