BlackRock filed an amended S-1 form for its proposed spot ether (ETH) exchange-traded fund (ETF) that revealed more information about the product.
Subject to regulatory approval, assets held in the ETF can be redeemed for cash or even ether. The iShares Ethereum Trust ether ETF will list and trade under 'ETHA.
Bloomberg analyst Eric Balchunas called the updated S-1 a 'good sign,' adding that a launch by the end of June was 'a legit possibility.'
BlackRock's bitcoin ETF has proven to be a success so far for the company so far. On Tuesday, it became the world's largest publicly traded bitcoin fund, flipping Grayscale, with nearly $20 billion in assets under management.
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