CDS Crypto News Breaking Crypto News – The Road to Launch: Blackrock Ethereum ETF Update
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Breaking Crypto News – The Road to Launch: Blackrock Ethereum ETF Update

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Breaking Crypto News - The Road to Launch: Blackrock Ethereum ETF Update

Breaking Crypto News – Understanding the Implications of Blackrock Ethereum ETF S-1 Filing

Breaking Crypto News - Understanding the Implications of Blackrock Ethereum ETF S-1 Filing
Breaking Crypto News - The Road to Launch: Blackrock Ethereum ETF Update 1

Breaking Crypto News – In a filing dated May 29, BlackRock made revisions to the S-1 registration statement for its spot Ethereum ETF, taking the document closer to approval. BlackRock first filed a registration statement in November 2023, and this filing expands on that document. Following the SEC’s May 23 approval of modifications to the 19b-4 listing requirement, Bloomberg ETF analyst James Seyffart referred to the filing as a step toward launch.

This is almost certainly the engagement we were looking for …

Seyffart

Blackrock Will Not Stake Ethereum

In-kind creation and redemptions are another feature of the updated S-1 that reintroduces the possibility of cryptocurrency exchanges between authorized parties in place of cash. It admits that scheduling is erratic and that approval of in-kind transactions is not assured.

In passing, BlackRock referred to the potential for in-kind creations and redemptions in their initial S-1 statement. In April, an amendment notice was included to Nasdaq’s 19b-4 filing stating that approved participants would only use cash for the creation and redemption of fund shares. Additionally, the most recent S-1 makes it clear that BlackRock will not be staking Ethereum, in line with Nasdaq’s second May 22 19b-4 amendment on BlackRock’s behalf.

FAQ

What Happens After S-1 Filing?

The SEC will examine your initial registration statement after receiving the Form S-1 and would provide comprehensive comments, normally within 30 days. Complete Form S-1/A, which includes revisions to your initial submission you can use these remarks.

What Needs to be Disclosed in an S-1?

An explanation of the company, its assets, its legal actions, and some financial information. Executive executives and directors. Disclosures regarding market risk that are both quantitative and qualitative.

Why was ETH Staking Removed from the Ethereum ETF Application?

The US Securities and Exchange Commission’s (SEC) regulatory pressure led to the elimination of staking from Ethereum ETFs. The ETF files were revised by the issuers to remove the staking restrictions before the May 23 approvals.

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Breaking Crypto News - The Road to Launch: Blackrock Ethereum ETF Update
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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