Blackrock, the world’s largest asset manager, has formally submitted its Ethereum Trust S-1 filing to the SEC, signaling a move towards introducing a spot Ethereum ETF on Nasdaq. This strategic step follows Blackrock’s recent establishment of the trust in Delaware and the unveiling of its 19b-4 filing. Learn more about the potential impact on the crypto market and investor accessibility.
Blackrock, the leading asset manager globally, has officially filed the S-1 form for its proposed Ishares Ethereum Trust ETF with the U.S. Securities and Exchange Commission (SEC).
The trust, registered in Delaware just a week ago, operates as an investment vehicle, enabling indirect investment in Ethereum.
Managed by a consortium of entities, including Ishares Delaware Trust Sponsor LLC and Coinbase Custody Trust Company, LLC, it aims to provide a secure way for investors to engage with crypto services.
The ETF’s launch is contingent on SEC approval, and Blackrock argues that this move is crucial to safeguard retail investors seeking Ethereum exposure.
The proposed ETF’s unique structure involves trading shares in substantial clusters, known as “Baskets,” primarily accessible to institutional investors.
Retail investors can access shares through Nasdaq, though market prices may differ from the actual Ethereum value within the fund.