The U.S. Securities and Exchange Commission (SEC) has announced a call for public comments concerning the recent amendments to BlackRock’s proposed spot Ethereum exchange-traded fund (ETF). This follows the Nasdaq’s submission of a revised proposal on April 19 to ensure alignment with regulatory expectations.
The BlackRock ETF, the iShares Ethereum Trust, is an ETF that is to be used to track the performance of Ethereum’s price and has been in the works since the initial filing in November 2023.
The amendment departs rather radically from the initial proposal by changing from a model of direct exchanges with Ethereum to a cash transactions model. The SEC, as a result, has provided 21 days for stakeholders and the public to provide their comments on the proposed modifications. These comments are important as they will affect the regulatory review and probably the final decision.
Revised Structure of BlackRock’s Ethereum ETF
The initial proposal of the iShares Ethereum Trust inc
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