The US SEC has acknowledged BlackRock’s Ethereum ETF filing for an in-kind creation and redemption process. For now, the securities regulator has opened the floodgates for public comments for BlackRock’s raft of amendments.
US SEC Recognizes BlackRock’s Ethereum ETF Amendment Filings
The US SEC has confirmed the filing by BlackRock to amend certain parts of its Ethereum ETF. According to a public release, the SEC acknowledged BlackRock’s filing to permit in-kind creations and redemptions for its iShares Ethereum Trust.
On May 10, BlackRock filed the amendment with the SEC hours after a meeting with the Commission’s Crypto Task Force. The SEC has 240 days from the date of the original filing to approve or decline the amendment proposal for the Ethereum ETF.
Per the statement, the SEC is seeking comments on the amendment proposal before issuing a decision on the matter. Per the original filing, BlackRock’s Ethereum ETF will allow authorized participants to exchange ETH for the ETF share for creating and redeeming shares.
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Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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