The United States Securities and Exchange Commission (SEC) has invited public comments on changes made to American firm BlackRock’s proposed spot Ethereum exchange-traded fund (ETF), indicating ongoing deliberations over the highly anticipated financial product. BlackRock, the world’s largest asset manager, has been competing with other firms like Fidelity to debut an Ethereum ETF in the […]
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- The US SEC asked for public comments on BlackRock’s amended Ethereum ETF filing.
- The comments will be accessible on the SEC’s website after 21 days.
- The regulator postponed its decision on BlackRock’s application in January.
The United States Securities and Exchange Commission (SEC) has invited public comments on changes made to American firm BlackRock’s proposed spot Ethereum exchange-traded fund (ETF), indicating ongoing deliberations over the highly anticipated financial product.
BlackRock, the world’s largest asset manager, has been competing with other firms like Fidelity to debut an Ethereum ETF in the US. However, optimism regarding the SEC’s approval within the next month has waned, with analysts predicting non-desirable outcomes.
BlackRock initially filed for its spot Ethereum ETF in November 2023, naming it the iShares Ethereum Trust, with the aim to “reflect generally the performance of the price of ether.”
In January, the SEC postponed its decision on BlackRock’s proposal, and on April 19, Nasdaq submitted an amendment to the proposal.
“The Commission is publishing this notice to solicit comments on the proposed rule change, as modifi…
The post SEC Seeks Public Comments on BlackRock’s Amended Spot ETH ETF Proposal appeared first on Coin Edition.
