BlackRock files amended S-1 registration statement for upcoming Ethereum ETF with more disclosures | Headlines | News | CoinMarketCap

05/30/2024 05:39
BlackRock files amended S-1 registration statement for upcoming Ethereum ETF with more disclosures | Headlines | News | CoinMarketCap

BlackRock filed an amended registration statement for its proposed Ethereum fund, marking the latest move as firms work to list and trade their …

BlackRock filed an amended registration statement for its proposed Ethereum fund, marking the latest move as firms work to list and trade their products. 

The world's largest asset manager filed its amended S-1 registration statement almost a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, including BlackRock's proposed iShares Ethereum Trust. Issuers still need their S-1 statements to become effective before trading can begin. 

In the amended form, BlackRock disclosed information about its seed capital investor. 

"On May 21, 2024, the Seed Capital Investor, an affiliate of the Sponsor, subject to conditions, purchased the Seed Creation Baskets, comprising 400,000 Shares at a per-Share price equal to $25.00," BlackRock …

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